18.6

bidder on 10 jobs with the following total revenues and costs: Required: 1. Given the preceding information, what is the markup percentage on total direct costs? % 2. Suppose Whang is asked to bid on a job with estimated direct costs of $600,000. What is the bid? However, one logical use of data analytics would be for the accountant to utilize analytics to assess the markup percentage applied by other similar companies in the industry