Pricing the original contract

Assignment Help Accounting Basics
Reference no: EM13130120

Calculate the amount of the final price adjustment because of defective pricing based on the Contractor unintentionally overpriced their material costs by $75,000 and under-priced their direct manufacturing labor costs by $50,000. Overhead rates used to price the original contract are:

Material OH 15%

Engineering OH 75%

Manufacturing OH 124%

Lawn Maintenance OH 1.5%

G&A 24%

Reference no: EM13130120

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