Cruzs Home Remodeling Service specializes in refurbishing older homes. Last week Cruz was asked to bid on

Cruz’s Home Remodeling Service specializes in refurbishing older homes. Last week Cruz was asked to bid on a remodeling job for the town’s mayor. His list of materials and labor needed to complete the job is as follows:

The company uses an overhead markup percentage for materials (60 percent) and for labor (40 percent). Those markups cover all operating costs. In addition, Cruz expects to make at least a 25 percent profit on all jobs. Compute the price that Cruz should quote for the mayor’sjob.

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Materials Labor Lumber Nails/bolts Paint Glass Doors Hardware Supplies Total S 6,500 Carpenter $2,000 160 Floor specialist 1,300 1,500 1,420 1,680 $7,900 1,420 Painter 2,890 Supervisor 730 Helpers 600 Total 400 $12,700