In 2017, a contractor had a recordable injury rate of 2.4 per 200,000 worker-hours. The contractor...
- In 2017, a contractor had a recordable injury rate of 2.4 per 200,000 worker-hours. The contractor has estimated the average cost of a recordable injury to be $68,000. In 2018, the organization expects 800,000 worker-hours. On their first project, 100,000 worker-hours are expected. Provided that there is no dramatic shift in safety trends, answer the following questions:
a. How many recordable injuries should the company expect in 2018?
b. What is the probability of a recordable injury on the first project?
c. On average, how much should the company plan to spend on injuries per worker-hour?
d. How much should the company plan to spend on recordable injuries in 2018?
e. How much should the company plan to spend on recordable injuries on the first project?
f. How much should the company invest in a safety program to prevent spending the amount estimated in question 3d. Reference the source you relied on to develop the safety program estimate.
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In 2017, a contractor had a
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accountant gathered the following data to prepare budgets for
January 2018:
Data Table
Materials and Labor Requirements
Direct materials
Wood
9
board feet (b.f.) per snowboard
Fiberglass
7
yards per snowboard
Direct manufacturing labor
8
hours per snowboard
Skulas's CEO expects to sell 1 comma 300 snowboards during
January 2018 at an estimated retail price of $ 650 per
board.Further, the CEO expects...
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