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2.2 Fatima Company uses job-order cost system. The following data were obtained from its records at the end of last year: Particulars BD Selling and Distribution overheads Profit Administrative overheads Direct materials Factory overheads 8000 16000 6000 40000 10000 20000 Direct wages 2.2a Prepare a job cost sheet indicating prime cost, works cost, production cost, cost of sales and sales value. (1 marks) Fatima Company / Job order cost sheet for last year Particulars BD 2.26 This year, Fatima received an order for several jobs. It is estimated that there will be similar costs for direct materials and wages of last year's order as mentioned in part 2.2a of this question. What should be the price for these jobs given the following information: The company wants to earn 20% of profit on sales Selling overheads have increased by 20% D Factory recovers factory overheads as a percentage of direct wages while administration and selling overheads as a percentage of work cost. Prepare the new job cost sheet for this year using the above information (15 marks) Fatima Company Estimated Job order cost sheet for this year Particulars BD BD