If John's direct cost for his project is $100,000, and the project overhead is 9% while the company overhead is 11%, what is the total bid price?

To calculate the total bid price, we begin with John's direct cost of the project, which is $100,000. Next, we need to factor in both project overhead and company overhead, which are expressed as percentages of the direct cost.

First, we calculate the project overhead:

• Project overhead is 9% of $100,000, which equals $9,000.

Next, we calculate the company overhead:

• Company overhead is 11% of $100,000, resulting in $11,000.

Now, we can add these figures together with the direct cost to determine the total bid price:

• Direct cost: $100,000
• Project overhead: $9,000
• Company overhead: $11,000

Adding these amounts gives us: $100,000 + $9,000 + $11,000 = $120,000.

Since none of the provided options match $120,000, it is clear that we have to consider that the available options do not include the correct total bid price based on the calculations made. Therefore, in this instance, an additional check shows the right answer is not listed in the choices provided, which aligns with an answer outside of the given options. This reinforces the understanding