The following particulars have been extracted from the accounts of M. Motor Manufacturing Co. Ltd manufacturer of 14 H.P motor cars for the year ended 31st December, 2015 Opening Stock of Raw material Purchase of Raw Material Carriage of Raw Material Wages to Manual Lab and also that Working on Machine Works Overhead Establishment & General Charges Closing Stock of Raw Material Shs 50,000 1,200,000 60,000 700,000 196,000 149,170 75,000 Required: i. Find out the works cost and total cost of motor car (11marks) ii. The percentage the works overhead bears to the wages and percentage that establishment charges bear to the works cost. (4marks) iii. Statement of Cost for quotation of one car, work out what price the Company should quote for a motor car, which it is estimated will require an expenditure of Shs. 5,500 in raw material and Shs. 4,000 in wages, so that it would yield profit of 25% on total cost and 20% on the selling cost