A contractor figured a job at $62,577.85. If he has already spent $21,455.19 for materials and $18,913.57 on labor, how much money is left in the budget for this job?

Question

Business

Joyce Thornton

16 June, 02:33

A contractor figured a job at $62,577.85. If he has already spent $21,455.19 for materials and $18,913.57 on labor, how much money is left in the budget for this job?

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Answers (1)

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Lara Patrick · Answer 1

The $22209.09 is the money which is left in the budget for this job.

Explanation:

For computing the left amount for this job, we use the equation which is shown below:

= Contractor cost - Material cost - Labor cost

= $62,577.85 - $21,455.19 - $18,913.57

= $22,209.09

The material and labor cost is an expense that is related to the job, so the amount is deducted from the contractor cost.

The material cost include those cost which is related to the material and the labor cost includes wages salary, etc.

Hence, the $22209.09 is the money that is left in the budget for this job.