Premium Manufacturing had the following budgeted data for the start of an

upcoming period

Department

Welding

Budgeted Overheads

$48 000

Assembly

560 000

Sealing

$20 000

Budgeted Overhead Absorption Base

12.000 labour hours

9.000 machine hours

16 000 labour hours

Job 123 had a budgeted material cost of $84 739 and other budgeted direct expense of 550 000. Other estimates for the job:

Welding

Labour hours

1800

Assembly

Sealing

300

500

Machine hours

400

800

200

Direct labour rate

$5

$7

56

Required: Selling and administration are recovered at 10% of production cost and the job markoun is 29%, Prepare the Job Cost Sheet clearly showing the selling price of the job.