Answer:
Total cost of producing is 2800.
Explanation:
Given
Ratio of profit, material cost and production labour is 5:7:13.
Material cost is 840 more than that of labour cost.
To find:
Total cost of producing the article.
Solution:
Cost of producing the article includes material cost and the labour cost.
Profit will not be included in the production cost because profit comes in the picture after the article is sold.
We are given that, the ratio is:
Profit: Material Cost: Production Labour = 5:7:13
So, we can let Material Cost = 7
and
Production Labour = 13
As per the question statement:
Total cost of producing = Material Cost + Production Labour
Total cost of producing = 7
+ 13
= 20
= 20
140 = 2800
So, Total cost of producing is 2800.