Jukes Ltd bases its job estimates on the following formulae:
Total cost = Prime cost plus 50% for overheads
Selling price = Total cost plus 30% for profit.
Estimates for job PW1 and for job JC2 are as follows:
| Job SN18 | JobTY12 | |
| Direct materials (£2 per metre) | £100 | £150 |
| Direct labour (£6 per hour) | £200 | £250 |
Calculate the selling price for each job.
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