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)
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