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Can you please answer the following question in details and all part showing calculation as required in the question. please only attemp to answer if
Can you please answer the following question in details and all part showing calculation as required in the question.
please only attemp to answer if you're sure.
IGNORE VAT
You are the Project Engineer at "StructureLite", manufacturers and installers of space-frame canopy structures for the petrol retail sector. Early in 2015 'Structure Lite' were successful in receiving a contract valued 387,000 which had been priced as follows: Cost Element 182,000 Direct Raw Materials Consumables 10% of above 18,200 35,600 Manufacturing Labour Cost overhead allowance 150% of above 53,400 Installation Labour Cost 27,400 Installation overheads a 100% above 27,400 Total Cost 344,000 43,000 Profit Mark-up 12.5% Price (excl. VAT) 387,000 This is a common type of project undertaken by "StructureLite", and from experience, such projects have an average delivery (progress completion) of 10% in month one, 40% in month two; and 50% in month three. For accounting convenience, progress claims are always made to clients on this "rule-of-thumb" basisStep by Step Solution
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