1. Calculate the 2 bids and what are the main discrepancies between the bids?

2. What bid would you present to your boss? What principles from the IMA Standards and Ethical Conduct for Practitioners of Management Accounting and Financial Management should guide your decision??

Job costing, contracting, ethics. Kingston Company manufactures modular homes. The company has two main products that it sells commercially:a 1,000 square foot, one-bedroom model and a 1,500 square foot, two-bedroom model. The company recently began providing emergency housing (huts)to FEMA. The emergency housing is similar to the 1,000 foot model. FEMA has requested Kingston to create a bid for 150 emergency husts to be sent for flood victims in the south. your boss has asked that you prepare this bid. In preparing the bid, you find a recent invoice to FEMA for 200 huts provided after hurricane Katrina. you also have a standard cost sheet for the 1,000 square foot model sold commercially.Both are provided as follows: INVOICE:DATE:SEPTEMBER 15,2005 BILL TO:FEMA FOR:200 Emergency Huts SHIP TO:New orleans, Louisiana Job costing, contracting, ethics. Kingston Company manufactures modular homes. The company has two main products that it sells commercially:a 1,000 square foot, one-bedroom model and a 1,500 square foot, two-bedroom model. The company recently began providing emergency housing (huts)to FEMA. The emergency housing is similar to the 1,000 foot model. FEMA has requested Kingston to create a bid for 150 emergency husts to be sent for flood victims in the south. your boss has asked that you prepare this bid. In preparing the bid, you find a recent invoice to FEMA for 200 huts provided after hurricane Katrina. you also have a standard cost sheet for the 1,000 square foot model sold commercially.Both are provided as follows: INVOICE:DATE:SEPTEMBER 15,2005 BILL TO:FEMA FOR:200 Emergency Huts SHIP TO:New orleans, Louisiana