Question: answer must be complete in order to be considered correct. NO cut off answers! An advertising agency is estimating costs for promoting a music festival.

answer must be complete in order to be considered correct. NO cut off answers!

An advertising agency is estimating costs for promoting a music festival. The job will require 220 direct labor hours at a cost of $54 per hour. Overhead costs are applied at a rate of $67 per direct labor hour. 1. What is the total estimated cost for this job? 2. If the company applies a markup of 20% of total costs (price quote is 120% of total costs) what price should it quote for this job? 1. Total estimated job cost 2 Price quote

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