A builder has produced a quote for some alterations. The price is made up as follows:

$

Direct materials

(100 kg @ $4 per kg)

400

Direct labour

(5 hours @ $10 per hour)

50

(15 hours @ $5 per hour)

75

Hire machine

(1 day @ $100 per hour)

100

Overheads

(20 hours @ $8 per hour)

160

Total costs

785

Profit@ 20% of cost 0.2 x $785

157

Price quoted

$942

Actual costs for the job were as follows:

Direct materials

(120 kg @ $4 per kg)

Direct labour

(3 hours @ $10 per hour)

(20 hours @ $5 per hour)

Hire a machine

(2 days @ $100 per hour)

The actual profit/(loss) made in thejob was:

A.$52 loss

B.$28 loss

C.$28profit

D.$52 profit