Question: Q1. In the table below, calculate the P&L changes using a cost plus 20% job costing for the following:New GP $ & GP margin %New

Q1. In the table below, calculate the P&L changes using a cost plus 20% job costing for the following:New GP $ & GP margin %New Total Overheads $ & % salesNew Net Profit $ & Net Profit margin %

12 Month P &L Original Cost plus 20% % sales % sales Revenue 750,000 Total Direct costs 600,000 600,000 Gross Profit 150,000 20.0% Total Overheads 109,982 14.7% Net Profit 40,018 5.3%

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