Waterways has budgeted for 5760 labor hours.it desires a, Ask an Expert

Economics

Waterways has budgeted for 5,760 labor hours.It desires a $12 profit margin per hour of labor and 15% profit on materials. It estimates the total invoice cost of materials in 2009 will be $642,000.

Instructions

(a) Compute the rate per hour of labor. (Round to two decimal places.)

(b)Compute the material loading charge. (Round to two decimal places.)

(c) Waterways has received a request for a bid to do a parkway for the city.The irrigation manager estimates that it will take about a month to complete the project and require 480 hours of labor and $80,000 of materials.Compute the total estimated bid for the parkway project.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M966513

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