QS 15-22 (Algo) Job order costing of services LO A1 An advertising agency is estimating costs for promoting a music festival. The job will require 220 direct labor hours at a cost of $54 per hour. Overhead costs are applied at a rate of $67 per direct labor hour. 1. What is the total estimated cost for this job? 2. If the company applies a markup of 20% of total costs (price quote is 120% of total costs), what price should it quote for this job? 1. Total estimated job cost 2. Price quote