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3. Complete the following overdraft calculation table. Project is complete at month 3. Month Cost Item Direct cost Indirect cost Subtotal 2 $75,000 $10,000 $25,000
3. Complete the following overdraft calculation table. Project is complete at month 3. Month Cost Item Direct cost Indirect cost Subtotal 2 $75,000 $10,000 $25,000 $10,000 $35,000 $7,000 $45,000 $10,000 Markup (20%) Total to be billed Retainage withheld (10% $66,000 $102,000 $10,200 $4,200 Invoice Amount $59,400 Payment received Total cost to date Total amount billed to date Total paid to date Overdraft at end of month Interest (5%) on overdraft balance Total amount finance $55,000 $151,200 $59,400 $55,000 $57,750 a. What month will the final payment be made? b. What is the total of financing costs after final payment? c. What is the profit (loss) of the project
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