• A printing firm operates a job costing system. Production overhead is absorbed at the rate of K85.00 per machine hour. In order to allow for non-production overhead costs and profit, a mark-up of 60% of prime cost is added to the production cost when estimating the price to quote for the job. ❑ The estimated requirements for job number 101 are as below: ❑Direct materials K106,500 ❑Direct labour K 32,600 ❑Machine hours 140 ❑ Required: ❑ Calculate the estimated price to be communicated to t