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Murphy Equipment Inc. job in P9-1

Price: $


P9-2 The budget for the Murphy Equipment Inc. job in P9-1 consisted of the following amounts:
Partners’ salary and overhead $6,300
Associates’ salary and overhead 9,175
Travel 4,150
Telephone/fax 1,475
The successful bid price of the job was $26,900.
Required:
1. Prepare a cost performance report
2. Compute the budgeted profit and the actual profit on the job.

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