Rockers Manufacturing Limited has a job (XYZ123) that has working progress of $1,000,000 and $900,000 on January 1, 2014 and December 31, 2014 respectively. It is the entity's policy to absorb overheads based on direct labour hours. The budgeted overheads for the period were $5,000,000, while the budgeted direct labours hours is 500,000 hours. Additionally, the firm applies a mark-up of 20% on cost. The following information below relates to JOBXYZ123 for the period ended December 31, 2014: Required: a. Determine the production cost of JOBXYZ123 b. Determine the price of JOBXYZ123