Question on job order costing

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Hi every1, i have been working on past exam papers for my MBA and I need help with the following question:

Accounts for an engineering company show the following details:

Materials used - £700,000
Wages - £ 540,000
Shopfloor Expenses - £ 162,000
General expenses - £112,160

What price should the company quote for a job estimated to require £1000 in materials and £900 in wages? The company has a policy to earn at least 10% profit on cost.

Can anyone please advise?

Thanks.
 

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