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4.1 Study the information provided below and answer the following question. INFORMATION Main...

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Accounting

4.1 Study the information provided below and answer the following question. INFORMATION Main Stay Enterprises operates a job costing system and has the aim of making a net profit of 25% on sales. The cost estimates for one particular job are as follows: -Direct Material 100kg at R50 per kilogramme - Direct Labour 60 hours at R60 per hour -The total overheads are budgeted at R 1200000 and are absorbed on the basis of direct labour hours. The budgeted labour hours are 60000. Determine the sales price to be quoted for this job (round off answer to two decimal places)

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