The following information relates to the cost records of a company.

The total number of direct labour hours were 50,000 involving 20,000 machine hours. What should be the price quoted for a job involving 2,000 labour hours@ Rs. 3 per hour, 1000 machine hours and Rs. 10,000 in direct materials if the profi t desired is 20% on the selling price?

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Rs. Direct materials 1,25,000 Direct labour 1,00,000 Direct expenses 10,000 Work overheads 80.000 Office expenses 47,250