Two builders quote for a particular job. The first builder's estimate includes GHS 1,480 for material, GHS 3,986 for labor and GHS 4,409 for overheads. The second builder gives an estimate based on the first builder's direct costs. The second builder only includes 90% of the material costs and 70% of the labor costs. The second builder, however, used an overhead absorption rate of 37p per labor pond spent, and uses a mark up of 20% on total cost. What is the total estimated price of this project? OA. GHS 4,870 B. GHS 5,690 O C. GHS 6,082 D. GHS 10,162

Two builders quote for a particular job. The first builder's estimate includes GHS 1,480 for material, GHS 3,986 for labor and GHS 4,409 for overheads. The second builder gives an estimate based on the first builder's direct costs. The second builder only includes 90% of the material costs and 70% of the labor costs. The second builder, however, used an overhead absorption rate of 37p per labor pond spent, and uses a mark up of 20% on total cost. What is the total estimated price of this project? OA. GHS 4,870 B. GHS 5,690 O C. GHS 6,082 D. GHS 10,162

Name: Two builders quote for a particular job. The first builder's estimate
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Description: Two builders quote for a particular job. The first builder's estimate includes GHS 1,480 for material, GHS 3,986 for labor andGHS 4,409 for overheads. The second builder gives an estimate based on the first builder's direct costs. The second builder

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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