Tony's Tables makes high-end, custom boardroom tables. The company applies overhead costs to jobs on the basis of direct labour hours. The company estimates manufacturing overhead for the year to be $320,000. The company expects its direct labour workforce to work for 20,000 hours during the year.

Job #1843 shows the following cost information:

Walnut: 300 board feet used at a cost of $15 per board foot.

Labour: 240 hours at a cost of $20 per hour.

Required:

a.) Compute the cost of the job.

b.) Assuming the company marks up their price to by three times the cost, what will the company charge its customer for the table?