wrong = 5 down votes

Concept Illustration: Buildico, a Company that builds houses presents the following facts relating to a certain Housing Contract that it wishes to undertake- M 14 (1) The CEO's and Marketing Director's food and hotel expenses of 3,750 were incurred for a meeting with a prospective client. (2) 1,200 kgs of Raw Materials Z will be required for the house. Inventory of Z available is 550 kg. It was purchased at 580 per kg. It is used by Buildico in other projects. Its Current Market Price is *650 per kg. Its Resale Value is * 350 per kg. (3) The House will require 90 hours of Engineer's time. The Engineers are paid a fixed monthly salary of 47,500 per Engineer who can work 150 hours a month. Spare time is not available now and an Engineer has to be hired for this house for one month. He cannot be used in any other project once he does this contract. 4) Buildico will use a special Earthquake-proof Foundation Material. This was developed by Buildico at a cost of 30,000 for some other project that had to be abandoned. If it does not use it in this project, it can use it in some other project and charge the Client 50,000 for it. A list of items is given below. You are required to name the type of cost and state whether it is relevant or not in calculating the cost of the given Housing Project: Concept Illustration: Buildico, a Company that builds houses presents the following facts relating to a certain Housing Contract that it wishes to undertake- M 14 (1) The CEO's and Marketing Director's food and hotel expenses of 3,750 were incurred for a meeting with a prospective client. (2) 1,200 kgs of Raw Materials Z will be required for the house. Inventory of Z available is 550 kg. It was purchased at 580 per kg. It is used by Buildico in other projects. Its Current Market Price is *650 per kg. Its Resale Value is * 350 per kg. (3) The House will require 90 hours of Engineer's time. The Engineers are paid a fixed monthly salary of 47,500 per Engineer who can work 150 hours a month. Spare time is not available now and an Engineer has to be hired for this house for one month. He cannot be used in any other project once he does this contract. 4) Buildico will use a special Earthquake-proof Foundation Material. This was developed by Buildico at a cost of 30,000 for some other project that had to be abandoned. If it does not use it in this project, it can use it in some other project and charge the Client 50,000 for it. A list of items is given below. You are required to name the type of cost and state whether it is relevant or not in calculating the cost of the given Housing Project