SECTION A [40 MARKS] Answer ALL the questions in this section. QUESTION 1 (20 Marks) 1.1 Study the information provided below and answer the following question. INFORMATION: Exquisite Tailors operates a job costing system and has set net profit of 25% on sales. The cost estimates for one particular job are as follows: Direct Material used: 200 metres at R50 per metre Direct Labour worked: 60 hours at R 100 per hour The total overheads are budgeted at R200 000 and are absorbed on the basis of direct labour hours The budgeted labour hours are 6 000. REQUIRED: Determine the sales price to be quoted for this job (round off answer to two decimal places) (5 Marks) arch