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A construction company has total revenues on Project 8650 of $936,804, total construction costs of $729,332, labor costs of $208,000, material costs of $145,525, subcontractor
A construction company has total revenues on Project 8650 of $936,804, total construction costs of $729,332, labor costs of $208,000, material costs of $145,525, subcontractor costs of $328,744, equipment costs of $47,063, fixed overhead costs of $79,880, variable overhead costs of $52,490 and mixed overhead costs of $12,642 for the year. Risk factor assigned to this project is 24 % with a minimum profit of 4.75% Determine the company's percentage of construction revenues that became profits. 8.72% 10.15% 4.75% 6.67% 9.52%
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