2) An engineering firm operates a job costing system. Production overhead is absorbed at the rate of $8.50 per machine hour. In order to allow for non-production overhead costs and profit, a mark- up of 60 per cent of prime cost is added to the production cost when preparing price estimates. The estimated requirements of job number 808 are as follows: Direct materials $10 650 Direct labor $3 260 Machine hours 140 Calculate the estimated price notified to the customer for job number 808