Calculate the amount of the final price adjustment, Accounting Basics

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Calculate the amount of the final price adjustment

Calculate the amount of the final price adjustment because of defective pricing based on the Contractor unintentionally overpriced their material costs by $75,000 and under-priced their direct manufacturing labor costs by $50,000. Overhead rates used to price the original contract are

Material OH 15%
Engineering OH 75%
Manufacturing OH 124%
Lawn Maintenance OH 1.5%
G&A 24%

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Accounting Basics: Calculate the amount of the final price adjustment

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Accounting Basics: Calculate the amount of the final price adjustment

Reference No:- TGS075970

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is an alternative reason for difference

Q : What business benefits can be gained

Q : Well-designed job structure

Q : How knowledge about that ecosystem''s structure

Q : Calculate the amount of the final price adjustment

Q : What was the value of the tax multiplier

Q : Obligation by issuing a long-term note

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculate the amount of the final price adjustment

Reference No:- TGS075970

Recent Questions Asked Accounting Basics

Q : What is an alternative reason for difference

Q : What business benefits can be gained

Q : Well-designed job structure

Q : How knowledge about that ecosystem''s structure

Q : Calculate the amount of the final price adjustment

Q : What was the value of the tax multiplier

Q : Obligation by issuing a long-term note

Q : What ways does the novel all quite on the western front

Q : Define market segmentation

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