Company Y is a market research company providing data to consumer goods companies about the markets in which they operate.

They have undertaken a contract whose fee income will be 75,000 when completed.

Company Y is a market research company providing data to consumer goods companies about the markets in which they operate. They have undertaken a contract whose fee income will be 75,000 when completed. To date they have already paid 10,000 for initial research. They have employed a market researcher on a temporary basis, with a salary of 5,000 per month. This can be terminated if the contract is abandoned, but if they continue, it is expected that the researcher will stay for 6 more months. To complete the contract they will need to purchase specialist software for 15,000 and will have processing costs of 8,000, including IT, stationery, printing, and postage. They will be able to use existing staff to carry out interviews but will lose the contribution from another project of 14,000. The project will be charged with a cost to cover general overheads, calculated at 10% of fee income. Determine in the schedule below the relevant revenue(s) and relevant costs and determine the net benefit or net loss of the project by choosing the appropriate alternative for each blank. Revenue/cost Detail Relevant or non-relevant? Amount in , if relevant (if non-relevant, choose '0') Revenue Contract revenue Select] [ Select] Costs: Initial research [Select] [Select] [Select] 7 Temporary market researcher's salary [Select ] Specialist software [Select] [Select] Processing costs [ Select] [Select] Contribution from another project Select] [Select] Overheads [Select ] [Select ] Net benefit or loss [ Select]