(ModelCost sheet quotation) The accounts of ABC Co. Ltd. show the following: What price the company quote...

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(Model—Cost sheet quotation)

The accounts of ABC Co. Ltd. show the following:

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What price the company quote to manufacture a machine which will require an expenditure of Rs. 1,000 in materials and Rs. 800 in wages so that it will yield a profi t of 20%
on selling price? Make necessary assumptions regarding percentages.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 12, 2024 10:10 AM

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(ModelCost sheet quotation) The accounts of ABC Co. Ltd. show the following: What price the company quote...

Question:

Rs. Materials used 7,00,000 Direct labour 5,40,000 Works overhead 1,62,000 Establishment overhead 1,12,000

Step by Step Answer:

Cost Accounting

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