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A marketing agency used 85 hours of direct labor in creating advertising for a film festival. Direct labor costs $68 per hour. The agency applies overhead at a rate of $59 per direct labor hour. 1. What is the total estimated cost for this job? 2. If the company applies a markup of 10% of total costs (price quote is 110% of total costs), what price should it quote for this job? Note: Round your intermediate calculations and final answer to the nearest whole dollars. 1. Total estimated job cost 2. Price quote

A marketing agency used 85 hours of direct labor in creating advertising for a film festival. Direct labor costs $68 per hour. The agency applies overhead at a rate of $59 per direct labor hour. 1. What is the total estimated cost for this job? 2. If the company applies a markup of 10% of total costs (price quote is 110% of total costs). what price should it quote for this job? Note: Round your intermediate calculations and final onswer to the nearest whole dollars. A marketing agency used 85 hours of direct labor in creating advertising for a film festival. Direct labor costs $68 per hour. The agency applles overhead at a rate of $59 per direct labor hour. 1. What is the total estimated cost for this job? 2. If the company applies a markup of 10% of total costs (price quote is 110% of total costs), what price should it quote for this job? Note: Round your Intermediote colculotions and final answer to the nearest whole dollars

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