Please show all the workings and formulas.

Question 1 A business has a job costing system and its aim is to makes a net profit of 25% on sales. The cost estimates for Job 254 are as follows: Direct materials 50 kg@\$4perkg Direct labour 30 hours@\$9perhour Variable production overhead $6 per direct labouir hour Fixed production overheads are budgeted as $80,000 and are absorbed on the basis of direct labour hours. The total budgeted direct labour hours for the period are 20,000 . Other overheads are recovered at the rate of $40 per job. Calculate the price that should be quoted for Job 254