Sekel Designer is a Tailor who designs clothes according to client specifications. Enrel ltd, a...
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Sekel Designer is a Tailor who designs clothes according to client specifications. Enrel ltd, a candle manufacturing company has made an inquiry and requested for quotation of its employees work suit. Sekel has named Enrels request JobM123. The following dates relates to JobM123: Consumable Materials $ 131.45 Production Wages: Technical Sketches cost center requires 465 minutes @ $4.00 per hour. Design Approval Cost center requires 915 minutes @$2.80 per hour. Production cost center 360 minutes @ $6.00 per hour Manufacturing Overheads: for the three cost centers were projected as follows: Technical Sketches $4,800 for 8,000 direct labor hours Design Approval $5,600 for 7,000 direct labor hours Production $12,000 for 6,000 direct labor hours Selling and Marketing overheads were forecasted to be: Forecast @$195,000 for 6,500 direct labor hours. It is Sekels company policy to charge a mark-up of 20% on total cost to determine selling price for its customers. Required Calculate the selling price for Job JobM123.
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