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Please 100% correct within few minutes or else skip 36 A factory uses job costing method. The following cost data is obtained from its books for the year ended 31st December, 2011 : Rs. Rs. Direct materials 1,80,000 Selling and distribution overheads 1,05,000 Direct wages 1,50,000 Administration overheads 84,000 Profit 1,21,800 Factory overheads 90,000 (a) Prepare a job cost sheet indicating the prime cost, works cost, production cost, cost of sales and the sales value. (b) In 2012 the factory receives an order for a number of jobs. It is estimated that direct materials required will be Rs. 2,40,000 and direct labour will cost Rs. 1,50,000. What should be the price for these jobs if the factory intends to earn the same rate of profit on sales assuming that the selling and distribution overheads have gone up by 15% ? The factory recovers factory overheads as a percentage of direct wages and administration, selling and distribution overheads as a percentage of works cost, based on cost rates prevailing in the previous year