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Question 18 (3 points) A company operates a job costing system and prices its jobs by adding 15% to the total cost of the job

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Question 18 (3 points) A company operates a job costing system and prices its jobs by adding 15% to the total cost of the job as profit margin. The prime cost of a job was 3,420 and it had used 78 direct labour hours. The fixed production overheads are absorbed on the basis of direct labour hours. The budgeted overhead absorption rate was based upon a budgeted fixed overhead of 150,000 and total budgeted direct labour hours of 30,000. How much should the company quote for the job

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