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A marketing agency used 71 hours of direct labor in creating advertising for a film festival. Direct labor costs $56 per hour. The agency applies
A marketing agency used 71 hours of direct labor in creating advertising for a film festival. Direct labor costs $56 per hour. The agency applies overhead at a rate of $46 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 this job? (Round your intermediate calculations and final answer to the nearest whole dollars.)
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