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Please 100% correct within few minutes or else skip 33 The following particulars are available for the previous year's production of fans for M/s. Eastern Engineering Co. : (i) Total production 1,000 units. (ii) Total cost of raw materials consumed Rs. 12,000. (iii) Total cost of direct labour Rs. 20,000. (iv) Total works overhead expenses Rs. 40,000. (v) Total general overhead expenses Rs. 36,000. (vi) Total selling and distribution overhead expenses Rs. 16,000. (vii) Total sale price for 800 units sold Rs. 1,12,640. On the basis of the undernoted instructions prepare a detailed price quotation per unit of fan for the current year : (a) Cost of raw materials and direct labour are to increase by 10% and 15% respectively over the previous year's level. (b) Works overhead, general overhead, as well as selling and distribution overhead are to be charged at the same respective percentages as in the previous year. (c) Profit is to be estimated at the same percentage on total cost as is earned in the previous year
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