Suppose the production cost is R18 925 , labour cost is and equipment renting fee is R250 , determine the number of devices produced
Production Cost. (PR) =R18925
Labor Cost.(LC) =R1245
Equipment renting fee.(ERF)= R250
Let the Number of Devices be X
X= (PR+LC)/ERF
= (R18925 +R1245)/R250
=80.68
Therefore we can conclude that the approximate number of devices is 80.
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