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w subdivision ji eveloped sublo one another, but buyers can upgrade features by paying Help Me Solve This of 14% of the Question Help Baxter Builders builds townhomes in a new subdivision just outside of Hamilton. Land and labour are cheap, and competition among developers is fierce. The homes in the subdivision are identical to one another, but buyers can upgrade features by paying the difference. Baxter Builders' cost per developed sublot are as follows: g should Rous sting approa BI(Click the icon to view the costs.) ble to achieve ther Rouse Bui Baxter Builders would like to earn a profit of 15% of the variable cost of each home sale. Similar homes offered by competing builders sell for $190,000 each. Requirements Market price of similar homes S 190,000 Less: Target profit (26,385) Target cost $ 163,615 Next, calculate the expected excess profit or shortfall. If the target cost is more than the actual cost, there is excess profit. The excess is due to estimating more costs than is being incurred. When the amount of costs being incurred is more than what is estimated (the target cost is less than the actual cost), a profit shortfall occurs. (Use parentheses or a minus sign to indicate a profit shortfall.) Market price of similar homes $ 190,000 (26,385) Less: Target profit Target cost $ 163,615 175,900 vs. Actual current variable cost Expected excess profit (profit shortfall) Enter any number in the edit fields and then click Check Answer. Skip Ahead parts remaining Clear All Check Answer Close on the Clear All Check Answer o 2 ENG 9:26 PM 2094 02 21