Rainbow Manufacturing prepares the following budget for Year 2023. Factory overhead (RM) Direct labour cost (RM) Machine hours The company uses a pre-determined overhead rate for applying overhead based on machine hours for Department X and direct labour cost for Department Y According to the factory job cost ledger, Job No. 6262 will incur the following costs: Direct Materials 30 kgs of RM60 per kg Direct Labour Machine hours Department X Department Y 720,000 930,000 1,200,000 3,720,000 20,000 7,400 Non-Production Overheads Department X: 180 hours @ RM1.75 per hour Department Y: 320 hours RM3.20 per hour Department X : 200 hours Department Y: 150 hours Administration overhead: 10% of prime costs Marketing overhead: 6% of production costs Distribution overhead RM 500 Required: a) Prepare the job cost sheet for Job No 6262. b) Calculate the selling price Job No. 6262 if the profit margin is 20%. (8 marks) (4 marks)