Question

Adams and O'Sullivan, plumbers, successfully bid $30,000 for the plumbing work on a new luxury home. Total direct labor cost on the job was $9,500, other direct costs were $2,500, and overhead is charged to jobs at 150% of direct labor cost.
1. Compute the profit or loss on the job in
(a) Dollars and
(b) As a percentage of the bid price.
2. Express labor and overhead as a percentage of total costs.



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  • CreatedMay 05, 2014
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