Nordholm Construction Company builds houses.Each job requires a bid.Nordholm's 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, Nordholm 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:

Correct Answer:
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