$4\mathrm{.}1$ Study the information provided below and answer the following question.

INFORMATION

Main Stay Enterprises operates a job costing system and has the aim of making a net profit of $25\%$ on sales. The cost

estimates for one particular job are as follows:

Direct Material $100kg$ at R$50$ per kilogramme

Direct Labour $60$ hours at $R60$ per hour

The total overheads are budgeted at R $1200000$ and are absorbed on the basis of direct labour hours.

The budgeted labour hours are $60000.$

Required:

Determine the sales price to be quoted for this job $($round off answer to two decimal places$).$

$4\mathrm{.}2$ Use the information provided below to answer the following question.

INFORMATION

Smart Leather Works $($SLW$)$ is a small$-$sized manufacturing enterprise which operates a job costing system. A cost

accountant has estimated that Job number $115$ requires direct materials amounting to R$8000$ and R$12000$ for direct

labour. Direct labour is paid at R$300$ per hour. Production overheads are absorbed at a rate of R$410$ per direct labour

and non$-$production overheads are absorbed at a rate of $110\%$ of prime costs.

Required:

Determine the cost of Job $115($round off answer to two decimal places$).$