B 2. You AnsweredCorrect AnswerUnfortunately, your project just incurred a direct cost of $25,777 for an on-site accident.The Chief Safety officer notified you that the hidden cost rate is 4.7.Based on your bid, you will earn $102,709 in margin for this $1,112,698 project.How much additional revenue would you need to generate on this project in order tomake up for this cost and still make the same percentage of margin?475,8431,312,499 margin of error +/- 5%

A project has incurred an additional, unplanned cost. If it intends to earn the same budgeted margin…

Answered: You Answered Correct Answer…

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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