Following are cost records of product Z of Zed. Ltd., for 1 month ending 31.3.21:

Raw material (1.3.21) 35,000 Raw material (31.3.21) 42,000 Factory wages 130,000 Material purchased 112,000 Sales (4000 units) 305,000 Indirect manufacturing expenses 16,000 Selling and distribution expenses 24,000 WIP (1.3.21) 13,000 WIP (31.3.21) 22,000 Finished goods (1.3.21) (400 units) 26,000 Finished goods (31.3.21) (900 units) 48,000 Number of units produced in 1 month ? a. Prepare a statement of cost for the month of March 2021.

a. Compute the price to be quoted for an order of 250 units to be manufactured in April 2021. (Ignore any opening / closing stock of raw material / WIP / finished goods). The company wants to earn the same % of profit on cost, as for the period above, assuming that wages increase by 15%, and cost of material increases by 20%.