A company gives a quotation for a job which requires 85 kg of materials @ 9.30...

Transcribed Image Text:

A company gives a quotation for a job which requires 85 kg of materials @ £9.30 per kg, 16 direct labour hours @ £35 per hour and overheads recovered on the basis of direct labour hours, at £15 per hour. A mark-up of 100% is added. If the actual direct labour hours worked on the job were 20, what would the profit have been, assuming that the quoted price could not be renegotiated? A company gives a quotation for a job which requires 85 kg of materials @ £9.30 per kg, 16 direct labour hours @ £35 per hour and overheads recovered on the basis of direct labour hours, at £15 per hour. A mark-up of 100% is added. If the actual direct labour hours worked on the job were 20, what would the profit have been, assuming that the quoted price could not be renegotiated?

Answer rating: 100% (QA)

To calculate the profit we need to determine the total cost of the job and th... View the full answer