What bid price should be submitted to insure proper coverage of fixed overhead based on...
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Accounting
What bid price should be submitted to insure proper coverage of fixed overhead based on the following data? What is the breakeven point for the present year?
- The fixed (home office) overhead for the past year was $365,300
- Total volume was $5,400,000
- The company uses a profit markup of 10%
- The estimating department has indicated that the direct project and project (field) indirect costs will be $800,000
- Assume a 5% inflation factor and a 12% growth factor
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