Q-3. XYZ Industry Limited is planning to introduce a new product in market. Estimates as to sales and cost of this product for the next year are as under:- Estimated sales Estimated Cost Direct Materials Direct Labour Manufacturing Overhead Marketing Expenses Administration Expenses Policy of the company is to carn a gross, profit of 25% of sales. (a) Compute the sales price per unit. Required: 16,000 units Rs.75 per unit Rs. 40 per unit Rs. 20 per unit Rs.10 per unit Rs. 2 per unit (b) Prepare an estimated income statement for the year showing revenues and expenses of this product. inriprocal service are rendered amp depart​