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NEED ITS ACCURATE SOLUTION ONLY THEN I WILL UPVOTE IT. Section 2 (6 Marks) [CLO 3] Scenario HML Corporation is a contraction company which undertake

image text in transcribedNEED ITS ACCURATE SOLUTION ONLY THEN I WILL UPVOTE IT.

Section 2 (6 Marks) [CLO 3] Scenario HML Corporation is a contraction company which undertake construction works. In the year 2020 - 2021, the company has received an invitation for submitting quotation for a construction job. It is estimated that the direct materials would be $1,700,000 and direct labor would cost $750,000. From the given real-life scenario apply the basic concepts of job costing and prepare a quotation for the job. a Additional information's: % of Factory Overheads to Direct Wages 60%. b % of Administrative Overheads to Works Cost 20%. % of Selling and Distribution Overheads to Works Cost 25%. d Profit 20% on cost of sales

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