Baker Construction acts as the general contractor on building projects ranging from $500,000 to $5 million. Each
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1. Given the preceding information, what is the markup percentage on total direct costs?
2. Suppose Baker is asked to bid on a job with estimated direct costs of $980,000. What is the bid? If the customer complains that the profit seems pretty high, how might Baker counter thataccusation?
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Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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