Construction Contract Expenses
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Questions and Answers

What is the total amount of Direct Material cost during the contract period?

  • `$75,500`
  • `$87,14,500` (correct)
  • `$3,85,000`
  • `$1,62,00,000`

    • What is the total amount of Depreciation on Plant incurred for the contract?

  • `$1,65,000` (correct)
  • `$6,48,000`
  • `$18,15,000`
  • `$1,68,00,000`

    • What is the total amount of Direct Wages paid during the contract period?

  • `$8,44,400` (correct)
  • `$9,47,600`
  • `$1,98,500`
  • `$1,39,500`

    • What is the total amount of Indirect Material cost during the contract period?

    <p><code>$3,25,600</code></p> Signup and view all the answers

    What is the total amount of Administrative Overheads incurred during the contract period?

    <p><code>$17,47,500</code></p> Signup and view all the answers

    What is the total amount of Supervision Charges paid during the contract period?

    <p><code>$6,48,000</code></p> Signup and view all the answers

    What is the total amount of Sub Contract charges paid during the contract period?

    <p><code>$4,86,000</code></p> Signup and view all the answers

    What is the percentage of Architect Fees based on the total contract value of $1,62,00,000?

    <p><code>3%</code></p> Signup and view all the answers

    What is the Notional Profit brought down at the beginning of the next accounting period?

    <p><code>$8,85,000</code></p> Signup and view all the answers

    What is the total amount of RCC Consultant Fees based on $1,62,00,000 contract value?

    <p><code>$6.48.00 0 </code></p> Signup and view all the answers

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