On the bill for a Time & Materials contract, you see the following line items. LABOR...
- On the bill for a Time & Materials contract, you see the following line items.
|
LABOR |
||
|
Labor Category |
Labor Rate |
Hours Used |
|
Designer |
$200/hour |
100 |
|
Architect |
$300/hour |
200 |
|
Engineer |
$250/hour |
400 |
|
MATERIALS |
||
|
Item |
Cost |
Fee |
|
Building Materials |
$300,000 |
5% |
|
Tools |
$200,000 |
-- |
|
Vehicle Rental |
$50,000 |
2% |
How much does your project owe? (5 points)
Homework Answers
Here you go with the solution...Materials Cost including Tools and Vehical Rental and Labour Costs, Project owe $7,51,000, calculated below:
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On the bill for a Time & Materials contract, you see the
following line items.
LABOR...
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PROBLEM 3-13 Identifying Cost Behavior Pattern A number of graphs displaying cost behavior patterns are shown...
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Total Unit Labor Cost -200
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Predetermined Overhead Rate -2.7
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