RJB Building Routinely Bids on Construction Jobs

question 67

Multiple Choice

RJB Building routinely bids on construction jobs.RJB first determines the budgeted product cost of the job and then applies a markup of 45%.If a bid of $20,000 is submitted for a new job,which of the following statements applies?

• A)The budgeted product cost is $20,000.
• B)$6,207 includes selling and administrative expense and profit.
• C)All costs pertaining to the job total $20,000.
• D)$6,207 includes fixed overhead, selling and administrative expense, and profit.

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