Question
part 1) A construction company has total revenues of $650,000; total construction costs of $509,000; and general overhead costs of $65,000 for the year. Determine
part 1)
A construction company has total revenues of $650,000; total construction costs of $509,000; and general overhead costs of $65,000 for the year. Determine the company's total profit for the year and the percentage of the construction revenues that become profits.
Group of answer choices
$109,000; 10%
$141,000; 21.6%
$76,000; 11.69%
None of the available answers
part 2)
A construction company estimates it's fixed overhead to be $35,000, sales expenses of 19%, and direct costs of 55%. In order to break even the company must achieve a total sales volume of ___________. Select the closest answer.
Group of answer choices
$77,778
$184,210
$155,850
$134,615
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