prepare statement of cost and an estimation for 2023.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2. Galaxy Co. Ltd. Manufactured and Sold 1200 DVD players during the year 2022
from the following information, prepare statement of cost and an estimation for 2023.
Particulars
Direct Materials
Labour
Factory Overheads
Administrative Overheads
2,40,000
96,000
72,000
48,000
Selling Overheads
24,000
Sales
5,76,000
The company decided to produce 1600 DVD players during 2023. It is estimated that;
a) The material cost will increase by 20%.
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