(a) A factory uses a job costing system. The following cost data areavailable for the books for the year ended 31st March 2011:Direct material19,00,000Direct wages37,50,000Profit86,09,000Selling and distribution overheads 35,25,000Administrative overheads4,20,000Factory overheads34,50,000i. Prepare a cost sheet indicating the prime cost, works cost,production cost, cost of sales and sales value. (5)In 2011-2012, the factory had received an order for a number ofjobs. It is estimated that the direct materials would be 12,00,000and direct labor would be 37,50,000. What would be the price ofthese jobs if the factory intends to earn the same rate of profit onsales, assuming that the selling and distribution overhead has goneup by 15%. The factory recovers factory overhead as a percentageof direct wages and administrative and selling and distributionoverheads as a percentage of works cost, based on the cost ratesprevalent in the previous year. (2.5)(b) X Ltd. is committed to supply 24,000 bearings per annum to Y Ltd. ona steady basis. It is estimated that it costs 10 paise as inventory holdingcost per bearing per month and that the set-up cost per run of bearingmanufacture is 324.i. What would be the optimum run size of the for bearingmanufacture? (2.5)ii. Assuming that the company has a policy of manufacturing 6,000bearings per run, how much extra costs would the company beincurring as compared to the optimum run suggested in the partabove?(2.5)​