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Rudik [331]
2 years ago
11

O’Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A fu

ll set of clubs with the fitting services sells for $1,400. O’Hara estimates that it incurs $50 of staff compensation and other costs to provide the fitting services, and normally earns 20% over cost on similar services. Assuming that the golf clubs and the club-fitting services are separate performance obligations, estimate the stand-alone selling price of the club-fitting services using the expected cost plus margin approach.
Business
1 answer:
makvit [3.9K]2 years ago
8 0

Answer:

$60.00

Explanation:

Calculation to estimate the stand-alone selling price

Hara Amount $ Note

Staff compensation $50.00

Mark up % 20%

Mark up amount $10.00

(20%*$50)

Standalone selling price of club fitting services $60.00

($50.00+$10.00)

Therefore the estimated stand-alone selling price will be $60.00

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Answer:

a. estimate the amount to mitigate high impact and probable issues.

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When making contingency estimates, the contractor should estimate the amount to mitigate high impact and probable issues.

As a result of uncertainties that are peculiar to everything in life, most especially projects undertaken, it is very important and necessary that the contractor should set aside an amount of money to mitigate or lessen any high impact such as dwindling prices, miscellaneous, faults, repairs and other probable issues that may arise in the process of execution.

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3 years ago
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Have a Warm and Wonderful Day!!
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