2) Joe's Garage allocates its Manufacturing Overhead based on direct labour hours. Below is Joe's Garage's 2023 Budget. Hours Amount Revenue $1,200,000 COGS: Direct Material 400,000 Direct Labour 2,200 300,000 Manufacturing Overhead 500,000 Gross Profit 300,000 Operational Expenses: Rent 60,000 Engineering 220 100,000 Office Supplies 20,000 Profit 120,000 A new customer has come in and asked for a quote to repair their car. Joe expects the job to take 20 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