Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me solving this a) P&O MARKUP and gross profit and gross profit margin b) ? QUESTION 1 The country is expected to face
please help me solving this
a) P&O MARKUP and gross profit and gross profit margin
b) ?
QUESTION 1 The country is expected to face financial crisis next year because of the declining crude oil price. stry is expected to be effected with fewer jobs available in market. As the director have to decide on the company's tendering strategy to remain competitive in e company's overhead cost is around RM600,000 per year. The shareholders request that the company pay 10% dividend for their RM 1500.000 shares in the company. With the existing set up, your company can only undertake a total value of job not exceeding RM26,000,000 the market. Th a) Determine the average profit and markup for each project to meet the company's financial obligation. Assume that the company will be able to secure RM26,000,000 worth of job. (10 marks) b) Your company has added profit and overhead mark-up of 10% to the direct cost for a job tendered last month. The job was awarded to the lowest bidder with the price of RM 9.6 million. Your company's tender price for the job was RM'9-0 million. Recommend the profit and overhead markup to be applied by your company to be the lowest bidder. (10 marks) Your company has decided that each unit will be treated as profit centre. Explain 5 different methods of allocating overhead cost to each unit. c) (20 marks) QUESTION 1 The country is expected to face financial crisis next year because of the declining crude oil price. stry is expected to be effected with fewer jobs available in market. As the director have to decide on the company's tendering strategy to remain competitive in e company's overhead cost is around RM600,000 per year. The shareholders request that the company pay 10% dividend for their RM 1500.000 shares in the company. With the existing set up, your company can only undertake a total value of job not exceeding RM26,000,000 the market. Th a) Determine the average profit and markup for each project to meet the company's financial obligation. Assume that the company will be able to secure RM26,000,000 worth of job. (10 marks) b) Your company has added profit and overhead mark-up of 10% to the direct cost for a job tendered last month. The job was awarded to the lowest bidder with the price of RM 9.6 million. Your company's tender price for the job was RM'9-0 million. Recommend the profit and overhead markup to be applied by your company to be the lowest bidder. (10 marks) Your company has decided that each unit will be treated as profit centre. Explain 5 different methods of allocating overhead cost to each unit. c) (20 marks)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started