Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 (2 points) What weakness of gross profit method has over the total direct cost method when marking up for overhead and profit? O

image text in transcribed
Question 3 (2 points) What weakness of gross profit method has over the total direct cost method when marking up for overhead and profit? O A) It recognizes the fact that material and subcontracts does cause overhead and create risk but not nearly as much as labor and equipment. B) It does not separate the markup for overhead and profit C) Overhead and profit is applied to the resources that causes the most overhead and creates the most risk. D) It has two rates

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions