=+40 meters at $12 per meter . . . . . . . . . . . . . . . . . . . . . . . . $ 480.00 Estimated direct labor:

24 hours at $15 per hour. . . . . . . . . . . . . . . . . . . . . . . . . . . 360.00 Estimated factory overhead (50% of direct labor cost). . . . . . . . 180.00 _________ Total estimated costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,020.00 Markup (50% of production costs). . . . . . . . . . . . . . . . . . . . . . 510.00 _________ Total estimate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,530.00 _________ _________