Tai Seng S/B is preparing a job cost estimate that will be used to provide a quote for a potential customer. Estimated costs for the job to be based on the following:

Direct materials RM 3,850

Direct labour 200 hours at a basic rate of RM 5.00 per hour.

Production overheads Absorbed at 30% of prime cost + RM 15.00 per direct labour hour

Required:

Calculate the total estimated SELLING PRICE of the job if a mark up of 30% is required on total production cost.