Below is a job cost sheet for one of the valued customers of ABC Manufacturing company. Job cost sheet Job#5000 Customer: Tanner Overhead applied Hrs Rate Amt 10 Direct materials Req # Amt 101 4,500 102 5,000 103 6,250 104 2,000 Direct labor Ticket Hrs Amt T12 687.50 T13 12 822 T14 13 890.50 T15 1,200 14 The company applied overhead to the jobs at 120% of labor costs. Required: Determine the gross profit on the order assuming the customer is billed at cost plus 40%