A project has the following team and data:

Name Hours Needed,

hr$.$ Overhead Factor Personal Time Rate Hourly Rate,

$$/$hr$.$ Total Direct Labor Cost

Sandy $801\mathrm{.}551\mathrm{.}1235$

Chuck $1201\mathrm{.}751\mathrm{.}1218$

Bob $601\mathrm{.}551\mathrm{.}2420$

Penny $1001\mathrm{.}751\mathrm{.}1228$

TOTAL $--------$

Calculate the direct cost of labor for each project team member.

What is the overall project labor cost?

$3.$

Assume that overhead is charged on a flat$-$rate basis. Each member of the project is assigned an overhead charge of $$200/$week$.$ What would the labor cost be for an employee, given that he is assigned to the project for $500$ hours at $$24/$hour$?$

Given that each employee works only $40$ hours per week.

$4.$

It took MegaTech, Inc., $80,000$ labor$-$hours to produce the first of several oil$-$drilling rigs for Antarctic exploration. Assume that MegaTech experiences a learning rate of $95\%$ and a labor rate of $$25$ per hour.

Another company, Natural Resources, Inc., has agreed to purchase the $8$th $($steady state$)$ oil$-$drilling rig from MegaTech$$s manufacturing yard.

a$.$ What should this company expect to pay for this $8$th unit, if MegaTech wants $20\%$ net profit based on the total labor cost?

b$.$ How long should all $8$ oil$-$drilling rigs take to complete? How much they will cost?

$5.$

A project requires a repetitive activity. There are a total of $25$ iterations of this activity required for the project. The project activity takes $10$ hours at its steady state rate and the learning rate is $80\%.$ Calculate the initial output time for the first unit produced.