Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ Construction Company bid a project for $1,000,000 that had a budget of $820,000. Upon completion, XYZs minimum profit and overhead markup was $123,000; profit

XYZ Construction Company bid a project for $1,000,000 that had a budget of $820,000. Upon completion, XYZs minimum profit and overhead markup was $123,000; profit from estimating i.e. bidding and buyout was $57,000; profit from good management of excavation crew was $5,000; profit from good project management was $3,000. What percentage of XYZs profit came from the minimum profit and overhead markup?

65.43%

15%

12.3%

75%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Responsibility Audit A Management Tool For Survival

Authors: John W Humble

1st Edition

0900853522, 978-0900853524

More Books

Students also viewed these Accounting questions

Question

How autonomous should the target be left after the merger deal?

Answered: 1 week ago