Clean Energy Ltd installs eco-friendly heat pumps in new homes. The managing director of Clean Energy is pricing a job involving the heat pump system using the time and material charge. His estimates follow:

Labour hours	500
Material cost	$250,000

The following predictions relate to the companys operations:

Labour rate, including fringe-benefits	$78 per hour
Annual labour hours	22,000 hours
Annual overhead costs:
Material handling and storage	94,000
Other overhead	410,000
Annual cost of materials used	950,000

Clean Energy adds a mark-up of $15 per hour on its time charges, but there is no mark-up on material costs.

Required 5.1

Calculate the time charge and material charge for the company (4 marks)

Required 5.2

Calculate the price for the job. (4 marks)

Required 5.3

What would be the price of the job if Clean Energy also add a mark-up of 10 percent on all material charge (including material handling and storage costs)? You must show your calculation.