In the previous year, a company had revenues of $500,000.00, a project overhead of $40,000 and...

 

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In the previous year, a company had revenues of $500,000.00, a project overhead of $40,000 and a company overhead of $75,000. The company expects the percentage for project and company overhead to remain consistent for the current year. The company desires to make a 10% profit on a project it is currently bidding. The project is estimated to have $80,000 in direct costs. What should the bid price be? In the previous year, a company had revenues of $500,000.00, a project overhead of $40,000 and a company overhead of $75,000. The company expects the percentage for project and company overhead to remain consistent for the current year. The company desires to make a 10% profit on a project it is currently bidding. The project is estimated to have $80,000 in direct costs. What should the bid price be?

Answer rating: 100% (QA)

Solution Cine Company Revenue 500000 Project over Heed ... View the full answer