Reference no: EM132957190
A construction company has total revenues of $325,000, total construction costs of 302,000, and general overhead costs of $12,000 for the year. Determine the company's total profit for the year.
A construction company has total revenues of $325,000, total construction costs of 302,000, and general overhead costs of $12,000 for the year. Determine the contribution margin (CM) for this company if $6,000 of the overhead is considered variable overhead.
Problem 1: In a recent bid, your construction cost estimate was $192,000. You added 7.5% P&O markup to your bid. Your competitor's total bid was $216,000. What P&O Markup did you competitor use assuming they bid the same construction costs?
Problem 2: What is the break-even contribution margin ratio for a company with a fixed overhead of $190,000 and revenues of $2,225,000?
Problem 3: What is the P&O Markup for a company that targets an 11% gross profit margin?
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