Question 22 (2 points) JB & Sons is an engineering firm located in Poole. They operate a job costing system. It is standard within the company that production overhead is absorbed at the rate of 8.50 per machine hour. In order to allow for non- production overhead costs and profit, a mark-up of 60% of prime cost is added to the production cost when preparing price estimates. BU has requested for a quotation to design a new lecture theatre. The estimated requirements of the job are as follows: Direct materials 10,650 Direct labour 3,260 Machine hours 140 What price should they quote Bu for the job? 22,256 22,851 24,160 23,446