Computation of Cost
The manufacturing cost of the refrigerator was $5000 composed of 30% material, 25% labor and 45% factory overhead costs. Due to improve method of manufacturing the material cost has decreased by 8% but labor and overhead costs have increased by 4% and 2% respectively. What will now be the cost of refrigerator?
Please solve this problem with description. Thanks!
Please solve this problem with description. Thanks!
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