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Suppose that you work for a company that bids on contracts on a cost plus...

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Accounting

Suppose that you work for a company that bids on contracts on a cost plus basis. The bid you are working on has cost of $12,400. Your company normally applies a markup of 15%. You have heard that 2 other companies have quoted bids of $12,000 and $15,000. What price should you quote? What other factors should you include in your bid for the customer to consider?

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