Question A2 Cato Ltd operates a job costing system. The company's net profit margin is 25% of sales value. Estimated costs for job ROM1 are as follows: Direct materials: 5kg at 4.00 per kg. - Direct labour: 3 hours at E10.00 per hour. Production overheads are budgeted to be 300,000 for the period and are to be recovered on the basis of a total of 50,000 labour hours. Other overheads (e.g. selling and administration) are budgeted to be E200,000 for the period and are to be recovered on the basis of total production costs for the period of E1,000,000. Required: Calculate the price to be quoted for job ROM1 (nearest E ). [7