Chapter 6 – Problem 2Joe Bauer Inc. specializes in the painting of older homes and employs several p

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Chapter 6 – Problem 2Joe Bauer Inc. specializes in the painting of older homes and employs several painters. It is essential for Joe Bauer to have accurate cost estimates so he caJoe has been using the home’s square feet for his paint cost estimates. Recently, he decided to use the number of openings (total number of doors and windJoe has kept records of his past 12 jobs:Job123456789101112Sq. feet260030102800285040502700237524502600370026503550Openings Cost ($)133300153750123100123150194700133250112800112800102875164100133200163950Question:Joe has been offered a job to paint a 3400 square foot home with 14 openings for $4,000. If Joe has a minimum acceptable profit margin of 20% over costes so he can estimate painting costs before he accepts a job.s and windows) in a house as a cost driver since the cost of painting trim work around doors and windows is significant.% over cost, should he accept the job. Explain your answer?