Charlton Transport has overheads of 10,000 per month. Each month, 4,000 direct labour hours are worked and charged to specific jobs, all of which are contracts for coach journeys. The company has one coach, that travels for 5,000 miles per month. The costs and time incurred on contract number PCJ 72318 are shown here: (Click here to view financial data.) Jobs are charged to customers at full cost plus 100%. Required: 1. Calculate the amount to be charged to the customer for job number PCJ 72318, assuming overheads are charged to jobs on a direct labour hour basis. 2. Calculate the amount to be charged to the customer for job number PCJ 72318, assuming overheads are charged to jobs on a mileage basis. More info - X Firstly, the overhead absorption rate, based on direct labour hours, can be found by this formula: (Complete the necessary drop downs.) The values can now be inserted (Calculate the overhead absorption rate to two decimal places.): per direct labour hour Direct costs (E) Direct labour (hours) Wage rate (2 per hour) Miles travelled 360.00 32 20.00 800 Print Done The full cost of contract number PCJ 72318 where overheads are allocated on the basis of direct labour hours can now be calculated (Give your answers to two decimal places.): Direct costs Direct labour Overheads Full cost of the contract The amount to be charged to the customer for contract number PCJ 72318 where overheads are allocated on the basis of direct labour hours can now be calculated (Give your answers to two decimal places.): Full cost of the contract Profit markup Amount to be charged to the customer as above The overhead absorption rate, based on mileage, can be found by this formula: (Complete the necessary drop downs.) The values can now be inserted (Calculate the overhead absorption rate to two decimal places.): per mile The full cost of contract PCJ 72318 assuming overheads are charged to jobs on a mileage basis can now be calculated (Give your answers to two decimal places.): Direct costs Direct labour Overheads Full cost of the contract The amount to be charged to the customer for contract PCJ 72318 assuming overheads are charged to jobs on a mileage basis can now be calculated (Give your answers to two decimal places.): Full cost of the job Profit markup Charged to customer as above