What is the nash bridges minimum acceptable contract price

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Reference no: EM13201457

Nash Bridges Construction Company is a building contractor serving the Gulf Coast region.The company recently bid on a Gulf-front causeway improvement in Biloxi, Mississippi.Nash Bridges has incurred bid development and job cost-out expenses of $25,000 prior to submission of the bid.The bid was based on the following projected costs:

Cost Category

Amount

Bid development and job cost-out expenses

$25,000

Materials

881,000

Labor (50,000 hours @ $26)

1,300,000

Variable overhead (40% of direct labor)

520,000

Allocated fixed overhead (6% of total costs)

74,000

Total costs

$2,900,000

A.What is Nash Bridges' minimum acceptable (breakeven) contract price, assuming that the company is operating at peak capacity?

B.What is the Nash Bridges' minimum acceptable contract price if an economic downturn has left the company with substantial excess capacity?

Reference no: EM13201457

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