ILLUSTRATION 1. The information given below has been taken from the cost records of a factory in respect of Job No. 707 : Direct Material $ 4,010. Wages details : Department -A: 60 hours @ $ 3 per hour B:40 hours @ $ 2 per hour C: 20 hours @ $5 per hour The variable overheads are as follows: Department - A $ 5,000 for 5,000 hours B: $3,000 for 1,500 hours C: $ 2,000 for 500 hours Fixed expenses estimated at $ 20,000 for 10,000 working hours. Calculate the cost of the Job No. 707 and the price for the Job to give a profit of 25% on the selling price