A construction company has the following data concerning one of its contracts: The profit (to the nearest

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A construction company has the following data concerning one of its contracts:

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The profit (to the nearest £1000) to be attributed to the contract is:

(a) £250000

(b) £277000

(c) £300000

(a) £950000

(e) £1000000 (2 marks)
CIMA Stage 2

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Cost And Management Accounting

ISBN: 9781473749054

9th Edition

Authors: Colin Drury

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Question Posted: Jun 24, 2024 02:05 AM

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A construction company has the following data concerning one of its contracts: The profit (to the nearest

Question:

Contract price Value certified Cash received Costs incurred Cost of work certified 2000 000 1300000 1200000 1 050 000 1000000

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Cost And Management Accounting

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