Wyre Electrical manufactures identical light fittings in batches of 40. During November, Wyre Electrical produced 1,327 batches. The total cost incurred in November were (£):
Materials 30,445
Labor 39,396
Other relevant overhead 33,445
1. What was the cost per light fitting produced in November?
The cost was £. (round to two decimals)
2. If customers are charged £7.79 per light fitting, how much profit or loss would Wire Electrical make if 265 light fittings were sold on one day in November?
The loss/profit is £. (round to two decimals)