2) Joe's Garage allocates its Manufacturing Overhead based on direct labour hours. Below is Joe's Garage's 2023 Budget. Revenue COGS: Direct Material Direct Labour Manufacturing Overhead Gross Profit Operational Expenses: Rent Engineering Office Supplies Profit Hours 3,800 380 Amount $1,200,000 400,000 300,000 500,000 300,000 60,000 100,000 20,000 120,000 A new customer has come in and asked for a quote to repair their car. Joe expects the job to take 17 direct labour hours, and total direct material and labour costs would be $1,000. If Joe wants to maintain a 25% Gross Margin, how much should the job be quoted for? Worth 3 marks