An advertising agency is estimating costs for promoting a music festival. The job will require 360 direct labor hours at a cost of $82 per hour. Overhead costs are applied at a rate of $81 per direct labor hour. 1. What is the total estimated cost for this job? 2. If the company applies a markup of 20% of total costs (price quote is 120% of total costs), what price should it quote for this job?

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