Bow final Answers. Provide complete answer .. Round off your answers 2 decimal places for amounts and 4 decimal places for rates in percent form. A construction company in Manila will bid on the digging of anirrigation canal in a nearby province which measures 2 meterswide, 1 meter deep, and 2 km long. Twenty laborers will beemployed at P120.00 each per day, and they can dig on an averageof 1/2 cu.m. per hour. In addition, 2 foremen will also be employedat P250.00 each per day.A ditch-digging machine may be rented at a cost of P750 a day, inactual use and in transit to and from the construction site. Inactual use, fuel and oil will cost P280 a day. It takes one day, eachway, for transporting the machine. Freight charges fortransporting the machine will be P1,200 each way. The machineoperator accompanies the machine and is paid P280 each day. Theservices of 2 laborers would also be needed, in addition to theservices of the machine. The machine can dig 1 cu.m. every 4minutes.Allowing P20,000 for profit and contingencies, determine thelowest bid price of the company.

A construction company in Manila will bid on the digging of an irrigation canal in a nearby province which measures 2 meters wide, 1 meter deep, and 2 km long. Twenty laborers will be employed at P120.00 each per day, and they can dig on an average of 1/2 cu.m. per hour. In addition, 2 foremen will also be employed

A construction company in Manila will bid on the digging of an irrigation canal in a nearby province which measures 2 meters wide, 1 meter deep, and 2 km long. Twenty laborers will be employed at P120.00 each per day, and they can dig on an average of 1/2 cu.m. per hour. In addition, 2 foremen will also be employed

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter26: Capital Budgeting (capbud)

Section: Chapter Questions

Problem 5R

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