5 A marketing agency used 60 hours of direct labor in creating advertising for a film festival. Direct labor costs $50 per hour. The agency applies overhead at a rate of $40 per direct labor hour 1. What is the total estimated cost for this job? 2. If the company applies a markup of 10% of total costs (price quote is 110% of total costs), what price should it quote for this job? 0.5 points 1. Total estimated job cost 2. Price quote