Question: A customer has requested a quotation for a machining job consisting of 69 parts. The starting work part is a casting that will cost $20

A customer has requested a quotation for a

A customer has requested a quotation for a machining job consisting of 69 parts. The starting work part is a casting that will cost $20 per casting. The average production time of the job is 20min on an automatic machine whose equipment cost rate is $98 per hour. This rate does not include any overhead costs. Tooling cost is $0.7 per part. The factory overhead rate is 113% and the corporate overhead rate is 176%. These rates are applied only to time and tooling costs, not starting material costs. The company uses a 14% markup on total cost for its price quotes. What is the quoted price for this job (dollars, 2 decimals)

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