You are the cost accountant of an engineering concern which has three departments preparation, machining and assembly. The budgeted direct labour hours for the workshops are 8,000, 12,000 and 10,000 respectively. Fixed factory overheads are budgeted at $12,000 for the year and variable factory overheads are as follows: Preparation $4000 Machine shop $ 30000 Assembly $20000 The agreed hourly wage rates are: Preparation $3.60 Machine shop $4.20 Assembly $1.50 The company wishes to quote for job #255: Raw materials $4160 Direct labour: Preparation 100hours Machine shop 500hours Assembly 400hours Painting by outside contractor $800 Distribution quote from haulage company $280 a) Administration and selling overheads are to be absorbed in job costs at 5% of the total of all other costs. b) Fixed overheads are absorbed on the basis of plant-wide average. Required: Calculate the total cost and quotation price of job #255 where a mark-up of 25% on cost is applied