a manufacturer of small hydraulic turbine has the annual cost data given below. calculate the manufacturing cost and the selling price for turbine.
raw material and components cost.......$2150000
direct labor...................................950000
direct expense ..............................60000
plant manager and staff...................180000
utilities for plant...........................70000
taxes and insurance .......................50000
plant and equipment deprication..........120000
warehouse expense ..........................60000
office utilites ................................10000
engineering salaries(plant)..................90000
engineering expence (plant).................30000
administrative staff salaries ...............120000
sales staff salaries and commissions........100000
total annual sales: 60 unit
profit margin:15%
plant overhead:60%