Answered: Timing and allocation $25,000 $65,000…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Concept explainers

Question

Given the following data with the direct costs for each
activity as shown, calculate the ROR of the contractor.
Assume that (a) the markup is 15%; (b) retainage is 5% on
the first 50% of worth, and 0% thereafter; (c) payment
requests are submitted at the end of each month, and payments
are received one month later; and (d) the finance
charge is 1% per month of the amount of the overdraft at the
end of the month.

Timing and allocation
$25,000
$65,000
$75,000
$15,000
Total direct costs
$180,000
Indirect costs $5000/month
5,000
5,000
5,000
5,000
Total indirect costs
$20,000
$30,000
$70,000
$80,000
$20,000
$200,000

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 4 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions