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An advertising agency is estimating costs for promoting a music festival. The job will require 3 7 0 direct labor hours at a cost of

An advertising agency is estimating costs for promoting a music festival. The job will require 370 direct labor hours at a cost of $84 per
hour. Overhead costs are applied at a rate of $82 per direct labor hour.
What is the total estimated cost for this job?
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?
Total estimated job cost
Price quote
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