Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An allowance shall cover the cost to the contractor for materials and equipment delivered to the site and all required taxes less applicable trade discount.
An allowance shall cover the cost to the contractor for materials and equipment delivered to the site and all required taxes less applicable trade discount. Cost of uploading and handling at the site, labor, installation costs, overhead, profits and other expenses should NOT be included in allowance.
Material Cost: $3,500
Tax: 6%
Trade Discount: 3%
Uploading & Handling: $150
Storage: $50
Based on the information listed above, what will be the total cost difference for this allowance?
Material Cost: $3,500
Tax: 6%
Trade Discount: 3%
Uploading & Handling: $150
Storage: $50
Based on the information listed above, what will be the total cost difference for this allowance?
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
Internal Auditing In Savings And Credit Cooperative Societies
Authors: Daniel Njuguna
1st Edition
B0C8SCJKRT, 979-8223128649
