I have a formula which seams to work well in my shop.
Raw material + 15% (this includes needed scrap)
Overhead (insurance+electric+cost of the machine/lifespan)
Tooling specific to job
Total hourly age of oporator (includes any benifits)
Profit (20% generaly, sometimes market will allow more)
The total gets me pretty close most of the time. The thing that is more important han the quote is getting paid. You have to run a lot of jobs to make up for one dead beat customer.
Good Luck
Success is the ability to go from one failure to another with no loss of enthusiasm-Sir Winston Churchill