A customer has expressed interest in having CH build a moderate, 3,000 quare-foot home on a vacant lot, which does no have utilities. Based on the engineering estimates above, what will such a house cost to build? Custom Homebullders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed severalformulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent onthe region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest.$ 20,00090150Administrative costsBuilding costs - per square foot (basic)Building costs - per square foot (moderate)Building costs - per square foot (luxury)Appliances (basic)Appliances (moderate)Appliances (luxury)Utilities costs (if required)225$ 15,000$ 25,000$ 45,000$ 40,000Required:A customer has expressed interest in having CH build a moderate, 3,000 square-foot home on a vacant lot, which does not haveutilities. Based on the engineering estimates above, what will such a house cost to build?Administrative costsBuilding costsAppliancesUtilities costsEstimated cost

The vacant lot does not have utilities, so utilities cost will be included because engineer staff…

Custom Homebullders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are aiso dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest. Adninistrative costs Building costs- per square foot (basic) Duilding costs - per square foot (moderate) Building costs - per square foot (luxury) Appliances (basic) Appliances (moderate) Appliances (luxury) Utilities coats (if required) $ 20,000 90 150 $ 225 $ 15,000 $ 25,000 $ 45,000 $ 40,000 Required: A customer has expressed interest in having CH build a moderate, 3,000 square-foot home on a vacant lot, which does not have utities. Based on the engineering estimates above, what will such a house cost to build?

Custom Homebullders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are aiso dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest. Adninistrative costs Building costs- per square foot (basic) Duilding costs - per square foot (moderate) Building costs - per square foot (luxury) Appliances (basic) Appliances (moderate) Appliances (luxury) Utilities coats (if required) $ 20,000 90 150 $ 225 $ 15,000 $ 25,000 $ 45,000 $ 40,000 Required: A customer has expressed interest in having CH build a moderate, 3,000 square-foot home on a vacant lot, which does not have utities. Based on the engineering estimates above, what will such a house cost to build?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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