Job Bidding > Volume Control

How Volume Control Affects Overhead Markup. Bid Situation 3

Actual overhead to date

$80,000.00

 

 

Actual overhead money collected

$93,907.00

 

 

Excess overhead money

$13,607.00

 

 

15% overhead markup for Bid 1

$16,271.00

 

 

$16, 271.00 - $13,607.00

$2,664.00

 

 

$13,607.00 in excess overhead has been applied to $16,271.00 overhead in Bid 1.

Material with sales tax

$77,206.00

 

 

Labor with taxes and insurance

$28,402.00

 

 

Job expense

$2,863.00

 

 

Direct job costs

$108,471.00

 

 

Overhead

2,664.00

 

 

Contractor cost

$111,135.00

 

 

5% profit

5,557.00

 

 

Bid Price

$116,692.00