(Model : Quotation)
The following data, relating to a factory for the year 2009 are available:
|
Materials consumed |
Rs. 2,00,000 |
|
Direct wages |
Rs. 1,50,000 |
|
Factory expenses |
Rs. 90,000 |
|
Administrative expenses |
Rs. 88,000 |
Based on the above data, find out the cost of a job to be done in January 2010.
|
Materials required |
Rs. 20,000 |
|
Wages for sale |
Rs. 15,000 |
What price will be quoted for the job, if a profit at 20% on selling price is required?
(Madras University)