A factory engaged in the fabrication of an automobile part with a production capacity of 10,742 units per year is only operating at 62% of the capacity due to unavailability of the necessary foreign currency to finance the importation of their raw materials. The annual income is P485,124, annual fixed costs are P197,144.88, production costs are 30.255 per unit and variable costs are P25.685 per unit. A.)What is the selling price of each automobile parts? B.)How much profit will the manufacturer receives yearly? (Please provide detailed solution not in excel, I'm in rush I wi guarantee you to vite it up for your effort thank you)

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter4: Economic Evaluation In Health Care
Section: Chapter Questions
Problem 7QAP
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A factory engaged in the fabrication of an automobile part with a production capacity of 10,742 units per year is only operating at 62% of the capacity due to unavailability of the necessary foreign currency to finance the importation of their raw materials. The annual income is P485,124, annual fixed costs are P197,144.88, production costs are 30.255 per unit and variable costs are P25.685 per unit. A.)What is the selling price of each automobile parts? B.)How much profit will the manufacturer receives yearly? (Please provide detailed solution not in excel, I'm in rush I wi guarantee you to vite it up for your effort thank you)
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