Question

Following details are extracted from the books of a firm. Raw material- Opening stock Rs 40000, closing stock of raw material Rs 30000, Opening stock of Finished goods Rs 10000, Closing stock of Finished Goods Rs 15000, Purchase of Raw material Rs 150000, Wages RS 120000, Factory Expenses Rs 120000, Office Overheads Rs 50000, Sales Rs 489500.

What should be the quotation of job requiring Rs 2000 in materials and Rs 3000 in wages?

Cost of materials consumed
Answer:

2.
2 points
Factory Cost
Answer:

3.
2 points
Profit
Answer:

4.
1 point
Estimated prime cost
Answer:

5.
2 points
% of profit on cost
Answer:

6.
2 points
Estimated sales
Answer:

Answer 1

Explanation:

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