Question: Intermediate (40 minutes) SOURCE: ADAPTED FROM ACCA LEVEL 2 MANAGEMENT ACCOUNTING (JUNE 1986) A small contractor has been asked to quote for a contract which

Intermediate (40 minutes)

SOURCE: ADAPTED FROM ACCA LEVEL 2 MANAGEMENT ACCOUNTING (JUNE 1986)

A small contractor has been asked to quote for a contract which is larger than he would normally consider. The contractor would like to obtain the job as he has surplus capacity The estimating and design department has spent 200 hours in preparing drawings and the following cost estimate:

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