Rundoliph Associates is a construction engrieenng firm that prepares detailed construction drawings for single - family homes The market for this service is very cormpetive To cornpete successfuly Randolph mus! deliner gualty service at low cost. Randolph bresents the following data for 2019 and 2020 Engineening laboe-hour costs are vanable costs Enpneen engineening support capacty that Randolph chooses fo ma each year. Engineering support costs do not vary whth the (Gick the icon lo view the dara) Read the irquirements 11% recover, [Cick b wew the componerit you wit use in your lormuas] focwhedititar 2010 und 2000 Read ver towatreat I. 1 (1) iv 4 Randoliph Associates is a construction engineening firm that peepares detalied construction drawings for single family homes The maiket for this servioe is very competitive. To compete successfuly Randolph must delver qualify service at low cost. Randolph bresents the following data for 2019 and 2020 Engineering labor-hour costs are variable costs Engneen engineering support capacty that Randolphi clooses to me each yeart. Engineering support costs do not vary with the (Cirk the icon to view the daxa) Read the iequarements 1.1.2.1*1=mevenueenedofpnce-recovery()= Noxt determine the formula to caiculate the cost effect of price recovery for vanable costs Then erfier the amounts in the formula Thnk carefully, bused upon the informution given fo you, about ( = Cosi elfect of pnce - ecovery for vanable costs. 1= 4 recorent [Click io vew the componerits you will ine in yout bomilas) Heat tee itanomers Couteritionenomer i. \begin{tabular}{|c|c|c|} \hline 15 & 1* & \\ \hline & 13 & \\ \hline \end{tabular} firat tha iccuronowbs Data table Requirements drace ahponeras mbiale