A $35,000 allowance is reconciled to an approved cost of $41,800. What contract increase is needed before markup terms?
Correct Answer
C) $6,800
Allowance overrun is $41,800 - $35,000 = $6,800.
Why This Is the Correct Answer
Allowance overrun is $41,800 - $35,000 = $6,800.
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