Question 40 of 60 < -/4 Current Attempt in Progress David is a carpenter who specializes in bathroom renovations for single-owner homes. He believes that he has been underbidding his projects and losing out on potential profit that could make all of the difference for his business's continued viability. He is putting together an estimate for a potential client and has determined the following activities: Activitiy Demo of Existing Space Cabinet Installation Cost Driver Square Footage Cabinets installed Rate Estimated Use for Job $2.10 /square foot 350 square feet $170 /hour 4 hours Tile Installation Pieces of tile laid $0.80 /tile 1290 tiles Previously, David was billing at a flat rate of $6 per square foot with no additional markups. David would like to add a 26% markup to the cost to arrive at the final bid price that will be given to the customer. Using Activity-Based Costing (ABC), how much additional profit will David make from this prospective client? $510.72 $347.00 ($125.50) $983.22