Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Recalculate the cost of the ministry of highways request for proposal, and the expected revenue based on Activity-based costing method and an expected 30%
1. Recalculate the cost of the ministry of highways request for proposal, and the expected revenue based on Activity-based costing method and an expected 30% markup for profit.
Request for Proposal- Ministry of Highways MOH requires the design and delivery of a customized Heavy Duty mechanics couse. Each response to our RFP is to include: a) A fixed price for the design and delivery of the customized course. b) An expected timeline for production VI Technical College Proposal 1) Calculation of Fixed Price (Based on 15 students and a 5 week course) Instructors Qualified Mechanics Student Tools $ 7,400 8,900 10,100 Standard Overhead Burden 28,350 Total Cost $ 54,750 Profit Margin 16,425 Fixed Price Quote $ 71,175 2) Timeline for Delivery Course development- 3 Weeks from signing of Contract Course delivery- 5 Weeks Request for Proposal- Ministry of Highways MOH requires the design and delivery of a customized Heavy Duty mechanics couse. Each response to our RFP is to include: a) A fixed price for the design and delivery of the customized course. b) An expected timeline for production VI Technical College Proposal 1) Calculation of Fixed Price (Based on 15 students and a 5 week course) Instructors Qualified Mechanics Student Tools $ 7,400 8,900 10,100 Standard Overhead Burden 28,350 Total Cost $ 54,750 Profit Margin 16,425 Fixed Price Quote $ 71,175 2) Timeline for Delivery Course development- 3 Weeks from signing of Contract Course delivery- 5 Weeks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started