Homework: Chapter 12 HW Save Score: 0 of 28 pts 1 of 6 (complete HW Score: 70.1%, 70.1 of 100 pts T112-2 (similar to) Question Help Costa Associates is a construction engineering firm that prepares detailed construction drawings for single-family homes. The market for this se competitive. To compete SUDORS Costa must deliver quality service allow cost. Casta presents the following data for 2016 and 2017 Service is very (Click the icon to vlow the data) Engineering labor-hour costs are variable costs. Engineering support costs for each year depend on the engineering support capacity that costa chooses to maintain each year that is the number of jobs it can do each year). Engineering support costs do not vary with the actual number of jobs dere in a year Read the reguirements Requirement 1. Calculate the operating income of Costa Associates in 2016 and 2017 2016 1 Data Table Requirements Revenues Costs Engineering ICON Engineering supports Total cos Operating income 2016 2017 300 1. Calculate the operating income of Costa Associates in 2016 and 2017 2. Calculate the growth, price recovery, and productivity components that explain the change in operating in from 2016 to 2017 3. Comment on your answer in requirement 2. What do these components indice? $ 1. Number of jobs billed 2. Selling price per job 3. Engineering laber-hours 4. Cost per engineering labor-hour 5. Engineering support capacity number of jobs the firm can do) 6. Total cost of engineering support (pace, equipment, etc.) 7. Engineering support-capacity cost per job row row 5) 2,900 $ 21,000 30 5 2.700 29,000 $ 700 31 700 252,000 Print Done $ 224,000 320 5 5 5 Print Done Enter any number in the edit fields and then click Check Answer 2 21 parts remaining Clear Al Check