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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.
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
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