Powell Company uses a job order costing system. During the month of May, Powell spent most of its time on job A50, which was started late in April. Following is cost information for job A50, other May costs, and relevant annual estimates: Materials used: 80% for Direct use and 20% for Indirect use $5000 Labor: DL for job A50 (300 DLH @ $20 per DHL) $6000 Indirect labor for May $310 Other May costs: Depreciation (70% Factory and 30% Admin) $1000 Other (70% Factory and 30% Admin) $700 Overhead Cost Driver is Direct Labor Hours (DHL) Estimated annual overhead $21000 Estimated annual DHL 3000 hours Markup (as a percentage of cost) 40% Required: What is the profit on job A50 when it is sold on May 15