Question 2 JOB COSTING AND PRICING (8 MARKS) Louis Ltd makes small specialised high quality engines for use in appliance production. It uses job costing, and budgeted overheads are allocated on the basis of actual labour dollars. Budgeted overheads for April 2019 were $126,000. Louis Ltd worked on 3 jobs in April (A, B and C) and Job B was completed by the end of the month. The production data for April 2019 are displayed in Exhibit 3. Exhibit 3 Costs associated with Jobs A, B and C during April 2019 Job A $26,800 Job B $42,790 Job C $17,275 $18,500 Opening work in progress (WIP) Material added during April Labour added during April $14,500 $3,500 $24,600 Louis Limited sets its prices so as to earn 30% profit on sales. Required: (a) Calculate the overhead added to Job Cin April 2019. (2 marks) (b) Calculate the ending work-in-process at 30 April, 2019. (3 marks) (c) Calculate the selling price for Job B