Perez Corporation has the following financial data for the years 20X1 and 20X2: 20X1 20X2 Sales $ 8,000,000 $ 10,000,000 Cost of
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Solution: Estimated time for the work is 40 hour work week.
Estimated payment to 3 laborers working 40 hours at cost $14 per hour is:
$1680
Estimated payment to 6 masons working 40 hours at cost $24 per hour is:
$5760
Estimated cost of material = $3143
Contractor wishes to make a profit of $500
Therefore, the mathematical expression that will give the estimated cost of the job is:
The estimated total cost is:
Cost =$11083