Prepare cost sheet of a machine and calculate the price with which the company should quote for the manufacture of a machine requiring materials at Rs.

1,250, productive wages Rs. 750 and factory overhead Rs. 150 so that the price may yield a profi t of 20% on selling price. You are given the accounts of the company manufacturing the type machines referred to the above for the 6 months ending 31st December, as further details:

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Rs. Materials used Productive wages Factory overhead Other expenses 1,50,000 2,40,000 24,000 17,640