Particulars Particulars Amount Rs. Amount Rs. 5,000 1,100 400 By Balance cld To Materials To Wages To Direct Expenses To Material transferred From Job. No. 222 6,800 300 6,800 6,800 6,800 To Balance bla Job. No. 222 Particulars Particulars Amount Rs. To Materials To Wages To Direct Expenses To P & L A/C (Profit transferred) Amount Rs. 3,000 800 200 By Materials transferred to Job. No. 111 By Materials return to stores By Sales 300 200 4,000 p34 500 4,500 4,500 Illustration: 3 The accounts of the RR Engineering Company Ltd. show the following cost figures for 2003 : Rs. Materials consumed 3,50,000 Direct manual and machine labour wages 2,70,000 Works overhead expenses 8,10,000 General overhead expenses 56,000 Show the work cost and the total cost of manufacture, the percentages that the works overheads bear to the direct manual and machine labour cost and the percentage that the general overheads bear to the works cost. What price should the company quote to manufacture a refrigerator which is estimated to require on expenditure of Rs. 7,200 in materials and Rs. 6,000 in wages so that it will yield a profit of 20% on the selling price