What Is the Fixed Contract Price for CCC's Project

question 95

Multiple Choice

What is the fixed contract price for CCC's project?

• A)$120 million
• B)$225 million
• C)$345 million
• D)None of these is correct Gross profit recognized in 2009 of $72 million = 60% of estimated gross project on the project.Therefore, total gross profit is estimated at $72 million/.6 = $120 million.Since Gross profit = Contract price Estimated total construction costs of $225 million, the Contract price = $120 million + $225 million = $345 million.

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