the Jay Engineering Co. Ltd. manufactured and sold 1,000 sewing machines in 2010. Following are the vlars obtained from the records of the company : The company plans to manufacture 1,200 sewing machines in 2011. rou are requincu in ourn... statement showing the price at which these machines would be sol selling price. The following additional information is provided to you: (a) Price of materials will rise by 20% on the previous year's levels. (b) Wage rates will go up by 5%. (c) Manufacturing expenses will rise in proportion to the combined cost of materials and wages. (d) Selling expenses per unit will remain unchanged. (e) Other expenses will remain unaffected by the rise in output