Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

image text in transcribed

image text in transcribed

Question 1: You are the Project Engineer at Cladding Contractors Ltd. (CCL). On March 1st CCL were successful in receiving a contract valued 794,925, for which you originally estimated the cost and a proposed selling price as follows: Cost Estimate Element 392,000 Raw Materials 39,200 Consumables a 10% of above 58,200 Manufacturing Labour Cost 87,300 Overhead allowance a 150% of above 64,950 Installation Labour Cost 64,950 Installation overheads a 100% above 706,600 Total Cost 105,990 Profit Mark-up 15% Price (excl. vATO 812,590 Due to stiff price competition, CCL negotiated an agreed contract price of 794,925 with their customer, with work to start immediately, for completion over a 4 month period, March to June inclusive

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Science The Art Of Modeling With Spreadsheets

Authors: Stephen G. Powell, Kenneth R. Baker

3rd Edition

0470530677, 978-0470530672

More Books

Students also viewed these Finance questions