A customer order of $50$ parts is to be processed through a plant of of a company. Raw materials and tooling are supplied by the customer. The total time for processing the parts $($including setup and other direct labor$)$ is $100$ hr$.$ Direct labor cost is $$12\mathrm{.}00/$hr$.$ The factory overhead rate is $150\%$ and the corporate overhead rate is $320\%.$ Determine what price should be quoted to the customer if the company uses a $20\%$ markup?A customer order of $50$ parts is to be processed through a plant of of a company. Raw materials and

tooling are supplied by the customer. The total time for processing the parts $($including setup and other

direct labor$)$ is $100hr.$ Direct labor cost is $$\frac{12\mathrm{.}00}{h}r.$ The factory overhead rate is $150\%$ and the

corporate overhead rate is $320\%.$ Determine what price should be quoted to the customer if the

company uses a $20\%$ markup?