Given the following assumptions, develop a cost estimate (Labor only) that integrates all of the cost...
Given the following assumptions, develop a cost estimate
(Labor only) that integrates all of the cost elements into a final
bid price to the customer. What is the total cost for the project?
How long will the project take to complete?
Function points in the project: 232
Software engineers assigned to this team: 5
Function point productivity per software engineer: 5 per
month
Workdays per typical month: 22
Productive hours per typical workday: 8
Gross hourly wage rate per software engineer (does not include
fringe benefits): $50 per hour
Overhead (fringe benefit, other direct overhead) rate 35%
G&A rate: 11.5%
Proposed Profit: 10%
Homework Answers
Monthly productivity of team = 5x5 =25
Time taken by the team to complete entre project = 232 /25 =9.28 month
Number of workdays in these months = 22*9.8 =204.16
Number of work hours = 8x204.16 =1633.28 =1634 hours
Gross hourly wages for team = 1634 x 50x5 =408500
Overhead and G&A = (35+11.5)% of wages = 189952.5
Total cost = 598452.5
Total bid = 1.1 x 598452.5 =658297.75
=658298
Project will tak 9.28 months
Add Answer to:
Given the following assumptions, develop a cost estimate
(Labor only) that integrates all of the cost...
Given the following assumptions, develop a cost estimate (Labor only) that integrates all of the cost...
Given the following assumptions, develop a cost estimate (Labor only) that integrates all of the cost elements into a final bid price to the customer. What is the total cost for the project? How long will the project take to complete? Function points in the project: 260 Software engineers assigned to this team: 4 Function point productivity per software engineer: 5 per month Workdays per typical month: 22 Productive hours per typical workday: 8 Gross hourly wage rate per software...
Metlock Services, Inc. is trying to establish the standard labor cost of a typical brake repair....
Metlock Services, Inc. is trying to establish the standard
labor cost of a typical brake repair. The following data have been
collected from time and motion studies conducted over the past
month.
Actual time spent on the brake repairs
3 hours
Hourly wage rate
$13
Payroll taxes
10% of wage rate
Setup and downtime
12% of actual labor time
Cleanup and rest periods
28% of actual labor time
Fringe benefits
20% of wage rate
Determine the standard direct labor hours...
Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair....
Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repair Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 3.0 hour $14 19% of wage rate 10% of actual labor time 31% of actual labor time 26% of wage rate (a) x] Your answer is incorrect....
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs 1 hour Hourly wage rate $15 Payroll taxes 10% of wage rate Setup and downtime 5% of actual labor time Cleanup and rest periods 25% of actual labor time Fringe benefits 20% of wage rate Determine the standard...
Current Attempt in Progress Monte Services, Inc. is trying to establish the standard labor cost of...
Current Attempt in Progress Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month Actualtime spent on the brake repairs 5 hours Hourly wage rate Payroll taxes 10% of wage rate Setup and downtime 11% of actual labor time Cleanup and rest periods 27% of actual labor time Fringe benefits 25% of wage rate Determine the standard direct...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 1 hour $15 10% of wage rate 5% of actual labor time 25% of actual labor time 20% of wage rate Determine the standard...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month Shours $10 Actualtime spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 10% of wage rate 11% of actual labor time 27% of actual labdtime 25% of wage rate Determine the standard direct labor hours...
Cost benefit analysis for the Long Engineering Company The Long Engineering Company (LEC) has decided...
Cost benefit analysis for the
Long Engineering Company
The Long Engineering Company (LEC) has decided to install a network
system to help their technical support engineers (five of them who
earn an average of $100,000 each per year) to deliver better
customer service including: mail out sales and other literature,
answer phone calls for technical assistance and log and forward
repair requests using an alpha-numeric paging system that will be
part of the new network system. Currently all company...
This is the question , honestly , you could skip the garbage at first and jump...
This is the question , honestly , you could skip the garbage at
first and jump to the Question section.
below is my excel sheet , I need to do the 4 requirements under
the Question section.
to make your life easier you could copy the numbers from my
sheet but i dont know how the function work exactly , as the
professor is the one who sets it up.
IEN 363 Spring 2019 Fnancial Analys1S Assignment ost benefit analysis...
Assume the following data for Animal Gear Company: (Click the icon to view the assumptions.) 2...
Assume the following data for Animal Gear Company: (Click the icon to view the assumptions.) 2 (Click the icon to view budget information.) Requirements 1. Prepare a cash budget for April for Animal Gear. 2. Why do Animal Gear's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? Requirement 1. Prepare a cash budget for April for Animal Gear. Begin the cash budget by calculating the cash available, then total disbursements, and finally the...
Metlock Services, Inc. is trying to establish the standard
labor cost of a typical brake repair. The following data have been
collected from time and motion studies conducted over the past
month.
Actual time spent on the brake repairs
3 hours
Hourly wage rate
$13
Payroll taxes
10% of wage rate
Setup and downtime
12% of actual labor time
Cleanup and rest periods
28% of actual labor time
Fringe benefits
20% of wage rate
Determine the standard direct labor hours...
Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repair Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 3.0 hour $14 19% of wage rate 10% of actual labor time 31% of actual labor time 26% of wage rate (a) x] Your answer is incorrect....
Current Attempt in Progress Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month Actualtime spent on the brake repairs 5 hours Hourly wage rate Payroll taxes 10% of wage rate Setup and downtime 11% of actual labor time Cleanup and rest periods 27% of actual labor time Fringe benefits 25% of wage rate Determine the standard direct...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 1 hour $15 10% of wage rate 5% of actual labor time 25% of actual labor time 20% of wage rate Determine the standard...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month Shours $10 Actualtime spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 10% of wage rate 11% of actual labor time 27% of actual labdtime 25% of wage rate Determine the standard direct labor hours...
Cost benefit analysis for the
Long Engineering Company
The Long Engineering Company (LEC) has decided to install a network
system to help their technical support engineers (five of them who
earn an average of $100,000 each per year) to deliver better
customer service including: mail out sales and other literature,
answer phone calls for technical assistance and log and forward
repair requests using an alpha-numeric paging system that will be
part of the new network system. Currently all company...
This is the question , honestly , you could skip the garbage at
first and jump to the Question section.
below is my excel sheet , I need to do the 4 requirements under
the Question section.
to make your life easier you could copy the numbers from my
sheet but i dont know how the function work exactly , as the
professor is the one who sets it up.
IEN 363 Spring 2019 Fnancial Analys1S Assignment ost benefit analysis...
Assume the following data for Animal Gear Company: (Click the icon to view the assumptions.) 2 (Click the icon to view budget information.) Requirements 1. Prepare a cash budget for April for Animal Gear. 2. Why do Animal Gear's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? Requirement 1. Prepare a cash budget for April for Animal Gear. Begin the cash budget by calculating the cash available, then total disbursements, and finally the...
Most questions answered within 3 hours.
-
The length of a pencil is measured to be 10.00 cm with a ruler.
What is...
asked 14 seconds from now -
A 120 cm^3 box contains helium at a pressure of 1.80 atm and a
temperature of...
asked 5 minutes ago -
Given that Kb for the weak base analine is 3.8 X
10-10, which of the following...
asked 7 minutes ago -
A uniform, solid sphere of radius 4.50 cm and mass 4.50 kg
starts with a purely...
asked 4 minutes ago -
A sniper fires a rifle bullet into a gasoline tank, making a
hole 51.0 m below...
asked 7 minutes ago -
The US Census Bureau gathered data regarding yearly gas sales
for residents of different states. Wyoming...
asked 27 minutes ago -
A person in a casino decides to play blackjack until he loses a
game, but he...
asked 31 minutes ago -
mode field diameter (MFD) is an important parameter in
characterizing single mode fibre properties which takes...
asked 22 minutes ago -
Question 4: What is the significance of those strange
“36.79%” and “63.21%” numbers the procedure? That...
asked 28 minutes ago -
Rules of implementation!:
You may NOT modify any of the files except Expression.java in
ANY way....
asked 29 minutes ago -
Arbitration of disputes under the purview of "lemon laws" under
state statute is:
not required by...
asked 43 minutes ago -
Describe three pieces of evidence that mitochondria and evolved
from symbiotic mutualisms between a eukaryote (or...
asked 50 minutes ago