QS $19-22($Static$)$ Job order costing of services LO A$1$

An advertising agency is estimating costs for promoting a music festival. The job will require $200$ direct labor hours at a cost of $$50$ per hour. Overhead costs are applied at a rate of $$65$ per direct labor hour.

What is the total estimated cost for this job?

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?