The estimated material cost of a job is Tk. 5000 and direct labor cost is likely to be Tk. 1000. In a machine shop it will require machining by Machine No. 8 for 20 hrs. and by Machine No.11 for 6 hours. Machine hour's rates for Machine No. 8 and Machine No. 11 are respectively Tk. 10 and 15. Considering only machine shop cost, the direct wages in all other shops last year amounted to Tk. 80,000 as against Tk. 48,000 factory overhead. Last year factory cost of all jobs amounted to Tk. 2,50,000 as against Tk. 37,500 office expenses. Prepare a quotation which guarantees 20% profit on selling price.