=+Estimated direct materials:

24 meters at $14 per meter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 336.00 Estimated direct labor:

14 hours at $18 per hour . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 252.00 Estimated factory overhead (75% of direct labor cost) . . . . . . . . . . . . . . . 189.00 _________ Total estimated costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 777.00 Markup (40% of production costs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310.80 _________