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If the direct costs for a given program are $520,000. When applying a markup of 18%...

If the direct costs for a given program are $520,000. When applying a markup of 18% to cover indirect costs and overhead and planning on a 10% profit, what would be your submittal amount?

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Answer #1
Direct Cost 520,000
+ markup @ 18% 93,600
Submittal amount = (613,600+10%) 674,960

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