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A cost plus contractor calls for the contractor to receive direct costs for labor and...

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Accounting

A cost plus contractor calls for the contractor to receive direct costs for labor and materials, and a markup of 20% of direct costs. The contractor is also to receive a bonus of 15% of savings if total cost to the owner is less than $80,000, and a bonus of $1,000 per day if the project is completed early. Final costs for direct labor and materials are $60,000. The project is completed 3 days early. What is the total amount due to the contractor?

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