Question: 1. A consulting engineering company is proposing a project that it estimates will require 150 hours of work. If their company-wide labor rate is $55.00

1. A consulting engineering company is proposing a project that it

1. A consulting engineering company is proposing a project that it estimates will require 150 hours of work. If their company-wide labor rate is $55.00 per hour. Based on work the company has performed in recent years, their Labor Utilization Rate is 62.5% and their Break Even Multiplier is 2.4. The company wants to target a profit of 22% for this project. a) How much should the company charge for this project? b) What is the Effective Labor multiplier? c) How much will this project contribute to non-labor indirect costs of the company

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