And Receive Our 5-Part Series, "Getting Your Phone to
Ring"
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Markup and Margin
Book Corrections, 1st and 2nd printing
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:
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
Page 238:
B
4. Sales Volume ÷ Job Costs = Markup
$1,207,662 ÷ $998,072 = 1.2099, or 1.21
Page 244:
A
5. Our labor and material expense would be 90 percent of our job costs:
$1,488,107 X 90% = $1,339,296
How to identify the second printing:
On the acknowledgments page, the bottom left corner states, Second Printing 2000.
Page 182, Caption for Figure 7-1 :
After "Overhead", Line out (fixed
expense)
Should Read:
- Total volume
- Job cost
- Overhead
- Profit
- Break-even point
Page 183, Caption for Figure 7-2:
Change Total Sales to Total Volume
After "Overhead", Line out (fixed expense)
Change the numbers to read as follows:
| Total volume |
$556,920 |
| Job Costs |
$476,000 |
| Overhead |
$ 39,151 |
| Profit |
$ 41,769 |
| Break-even point |
$269,449 |
| A. (Overhead expense) |
$ 39,151 |
| B. (Total job...Axis) |
$515,151 |
| (Total sales.Axis) |
$556,920 |
| C. (Total volume.Axis) |
$556,920 |
| D. (Break-even..Line P) |
$269,449 |
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