A company has established the following annual budgets: A job has been accepted which has the…

A company has established the following annual budgets:

A job has been accepted which has the following direct costs:

Direct materials – 18 kilos at £5.10 per kilo Direct wages – Dept A1 18 hours at £3.50 per hour Dept A2 32 hours at £3.00 per hour What is the total cost of the job. and what is the profit as a percentage of costs if the selling price is £500?