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 Machine shop Assembly The agreed hourly wage rates are: Preparation Machine shop Assembly The company wishes to quote for job #255 Raw materials Direct labour: Preparation Machine shop Assembly Painting by outside contractor $4,000 30,000 20,000 $3.60 4.20 1.50 Distribution quote from haulage company $4,160 100 hours 500 hours 400 hours $800 $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.