II. job costing system. What do you understand by operating costing? What are the main features? Give examples of situations where operating costs are computed. 4134/MR/9810/HHH/25 [P. T. O. III. The following information is available from the account books of Mysore Industries Ltd. for the year ended 31st March, 2006. Prepare a cost sheet: Opening stock : Raw Materials Finished Goods Purchases Rs. 1,40,000 20,000 2,10,000 Factory wages 3,80,000 Factory overhead 70,000 Administrative Overhead 40,000 Closing stock : Raw material Finished Goods Sales 19,600 1,60,000 7,56,000 The number of products manufactured was 4,000 including those sold and those in the stock at the end. The company wishes to supply 1,000 units of the product in the coming period on the basis of the above figures. It is likely that the cost of material and labour will increased by 15% and 10% respectively. Calculate the price to be quoted. 4134/MR/9810/HHH/25 2