Assume that your senior managers have allocated a labor cost of $30,000 for your project. Using the following data, calculate the fully loaded labor costs for each person. What is the total cost? Can you proceed with the project?

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Fully Loaded Hours Overhead Personal Hourly Labor Needed Charge Time Rate Rate Cost Musa 65 75% 1.12 $12/hr Alfie 250 75% 1.12 $25/hr Suky 140 50% 1.12 $30.5/hr Abigail 100 55% 1.12 $44/hr Total Fully Loaded Labor Cost =