Whang Construction Company is a general contractor that specializes in custom residential housing, Esch job requires a bid that includes Whang's direct costs and subcontractor costs as well as to as "overhead and profit. Whang's bidding policy is to estimate the costs of direct materials, direct labor and subcontractors' costs. These are totaled, and a markup s applied to cover overhead coming year, the company believes it will be the successful bidder on 10 jobs with the following total revenues and costs: Revenue $8.523.780 Direct materiais 52.285.000 Direct lisbor 1.776.000 Subcontractors 3.416.000 7472.000 Overhead and profit 51.046,780 Required: 1. Given the preceding information, what is the markup percentage on total direct cost? 2. Suppose Whang is asked to tid on a job with estimated direct conts of 5598,000. What is the bid? 3. Briefly explain how Whang Construction's accountant night analytics to help dead on the markup percentage to use in ting mice (bis 25 and 2 for a review of data However, one logical use of data analytics would be for the accountant to analytics to the markup permitage applied by other similar companies in the industry