Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs.

Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest.

Administrative costs $ 27,000
Building costs per square foot (basic) $ 118
Building costs per square foot (moderate) $ 178
Building costs per square foot (luxury) $ 295
Appliances (basic) $ 17,800
Appliances (moderate) $ 32,000
Appliances (luxury) $ 59,000
Utilities costs (if required) $ 68,000

Required:

A customer has asked CH for an estimate on a basic, 1,640 square-foot home on a vacant lot, which already has utilities installed. The client is a cooking enthusiast, and also wants luxury appliances. Based on the engineering estimates above, what will such a house cost to build?

Administrative costs_____

Building costs______

Appliances_____

Utilities costs_____

Estimated cost_____

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

For Wahlen/jones/pagachs Intermediate Accounting Reporting And Analysis, , 2 Terms

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

2nd Edition

1305405676, 9781305405677

More Books

Students also viewed these Accounting questions

Question

Does the person have her/his vita posted?

Answered: 1 week ago

Question

i need 2 2 7

Answered: 1 week ago