Hi Silver Needle - I have done some Hawaiian applique - Pacific Rim is a good place to look. Vicky Flemings book "Hawaiian Applque" is good there are more books out there - check Amazon.
Your pricing seem right...but if you have never done this before do NOT choose solid colors for the applique part - batiks or a small print hide a lot of small errors (which you will make) and choose a block that has a lot of rounded corners instead of points ( unless you are good at needle turning pts). This takes a lot of time and you have to work on it everyday to finish it. Unless you love hand quilting have it professional quilted in an echo pattern. I can not remember the name of the video but I checked it out at the public library it is a great video (an hour long) on hawaiian applique. Good luck -- they will love it when it is done. Oh yeah, the Ulna fruit ( Breadfruit) is a traditional one to make for a first quilt.