The following information has been gathered for a company doing jobbing work only for 2009
|
Materials consumed |
1,00,000 |
|
Direct labour |
75,000 |
|
Factory overheads |
60,000 |
|
Office and administrative expenses |
23,500 |
|
Sales |
The company has to quote for a job to be undertaken in March 2010. It is estimated that the job will require materials costing Rs. 40,000 and direct wages for it will be Rs. 50,000. What should be the quotation?