How to identify the first printing:
On the acknowledgments page, the bottom left corner states ©1999 Craftsman Book Company. All succeeding books will have "second printing", "third printing", etc. under the ©1999 Craftsman Book Company.
Note: All Corrections are in RED
Page 56:
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3. What are our projected job costs for the year?
Total Sales - (Overhead Expense + Profit) = Job Costs
$287,500 - ($87,950 + $28,750) = Job Costs
$287,500 - $116,700 = $170,800
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Page 238:
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B
4. Sales Volume ÷ Job Costs = Markup
$1,207,662 ÷ $998,072 = 1.2099, or 1.21
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Page 244:
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A
5. Our labor and material expense would be 90 percent of our job costs:
$1,488,107 X 90% = $1,339,296
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How to identify the second printing:
On the acknowledgments page, the bottom left corner states, Second Printing 2000.
Page 182:
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Caption for Figure 7-1 :
After "Overhead", Line out (fixed expense)
Should Read:
- Total volume
- Job cost
- Overhead
- Profit
- Break-even point
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Page 183:
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Caption for Figure 7-2:
Change Total Sales to Total Volume
After "Overhead", Line out (fixed expense)
Change the numbers to read as follows:
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Total volume
Job Costs
Overhead
Profit
Break-even point
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$556,920
$476,000
$ 39,151
$ 41,769
$269,449
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A. (Overhead expense)
B. (Total job...Axis)
(Total sales.Axis)
C. (Total volume.Axis)
D. (Break-even..Line P)
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$ 39,151
$515,151
$556,920
$556,920
$269,449
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