Compute the average hourly cost of a carpenter to a contractor. Assume the work is in a subsistence area and the daily subsistence rate is $19.50. The carpenter works the second shift on a two-shift project where a project labor contract establishes a “work 7 pay 8 hour” pay basis for straight time. He works 6 days, 10 hours a day. In addition to time and a half for overtime Monday through Friday, the contract calls for double time for all work on weekends. Use 6.2% FICA and 5.0% for unemployment insurance. Assume all data relating to the WC, PL, PD, fringes, and wage are as given in Table 16.5.

Table 16.5

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TABLE 16.5 Building Craft Wage and Insurance Rates Health and Welfare Locals Asbestos Workers Boilermakers Bricklayers Carpenters Cement Masons Electricians Operating Engineers Iron Workers Laborers Painters Plasterers Plumbers Sheet Metal Wages $20.30 $20.50 $18.70 $18.90 $17.80 $20.90 $18.70 $19.20 $12.50 $18.90 $18.34 $21.50 $20.40 Pension $1.20 $1.50 $1.00 $ .90 $1.10 1.1% $1.50 $1.14 $0.66 $1.30 $1.10 $1.00 $1.40 $1.10 $2.10 $1.10 $1.00 $ .80 0.9% $1.00 $1.30 $0.40 $1.30 $.80 $1.30 $1.00 Vacation $1.30 0.8% $1.00 Apprentice Training $ 0.20 $ 0.04 $ 0.04 0.05% $ 0.14 $ 0.14 $500/yr $ 0.22 $ 0.08 Misc $12.18 $12.92 $ 7.10 $11.34 $ 5.02 $ 4.38 $0.20 admin. $11.22 $29.18 $ 7.50 $7.18 $6.96 $0.16 prom. $0.40 bldg. $0.10 educ. Workmen's Compensation $0.40 bldg. $0.20 prom. $0.12 prom. $0.04 natl. $0.18 ind. $5.60 $ 7.14 Public Liability $2.00 $0.74 $0.76 $0.80 $0.82 $0.34 $1.86 $3.00 $0.38 $0.26 $0.78 $0.58 $0.41 Property Damage $1.10 $0.72 $0.54 $0.52 $0.58 $0.42 $2.00 $1.88 $0.40 $0.88 $0.54 $1.18 $0.40