Corlis Construction Company builds houses. Each job requires a bid. Corlis' bidding policy is to estimate the costs of materials, direct labor, and subcontractor's costs. These are totaled and a markup is applied to cover overhead and profit. In the coming year, Corlis believes it will be the successful bidder on ten jobs with the following total revenues and costs:
The residual will cover overhead and profits.
Required:

Question

Corlis Construction Company builds houses. Each job requires a bid. Corlis' bidding policy is to estimate the costs of materials, direct labor, and subcontractor's costs. These are totaled and a markup is applied to cover overhead and profit. In the coming year, Corlis believes it will be the successful bidder on ten jobs with the following total revenues and costs:
  The residual will cover overhead and profits.
Required:

Quizplus · Accepted Answer

The Answer of Corlis Construction Company builds houses. Each job requires a bid. Corlis' bidding policy is to estimate the costs of materials, direct labor, and subcontractor's costs. These are totaled and a markup is applied to cover overhead and profit. In the coming year, Corlis believes it will be the successful bidder on ten jobs with the following total revenues and costs:
  The residual will cover overhead and profits.
Required:

Corlis Construction Company Builds Houses