Chapter 3 Materials estimating In-Class Assignment - Due at the end of class The Coconut Grove Arts Festival is held every year on President's Day Weekend at Frameworks has been awarded the contract to print, frame and sell the "Art Festival Print. Based on the contract that you were awarded, you need frame 1000 posters with matting. Framing the prints is a two-step process. First you need to cut and prepare the mat and then you frame the print. The mats are cut from larger pieces. The second step is framing. Assume a 5% scrap rate that only applies to the mat cutting process. In order to frame the prints, the mats need to be cut (as stated earlier). The print that will be framed is 36" x 36". The mat must frame the entire print and it adds 2" all around. Sheets of matting come in boxes of 12 for a cost of $85.00 per box. Below is a schematic drawing. Inside square is 36" x 36". The mat is 2" all around. The original mat sheets come in 4' x 5' sheets. The frames are pre-made by an outside supplier and there is one frame per print. Each frame costs $22.50. In addition, there is a wire with 2 brackets put on the back of the frame so that it can hang properly. Each frame needs 40 of wire. The wire comes in spools of 100 feet at a cost of $80.00. The brackets come in cases of 2000 pieces for a cost of $50.00. Ignore cutting allowances. 1. What is the total material cost for framing the prints for the festival? Chapter 3 Materials estimating In-Class Assignment - Due at the end of class The Coconut Grove Arts Festival is held every year on President's Day Weekend at Frameworks has been awarded the contract to print, frame and sell the "Art Festival Print. Based on the contract that you were awarded, you need frame 1000 posters with matting. Framing the prints is a two-step process. First you need to cut and prepare the mat and then you frame the print. The mats are cut from larger pieces. The second step is framing. Assume a 5% scrap rate that only applies to the mat cutting process. In order to frame the prints, the mats need to be cut (as stated earlier). The print that will be framed is 36" x 36". The mat must frame the entire print and it adds 2" all around. Sheets of matting come in boxes of 12 for a cost of $85.00 per box. Below is a schematic drawing. Inside square is 36" x 36". The mat is 2" all around. The original mat sheets come in 4' x 5' sheets. The frames are pre-made by an outside supplier and there is one frame per print. Each frame costs $22.50. In addition, there is a wire with 2 brackets put on the back of the frame so that it can hang properly. Each frame needs 40 of wire. The wire comes in spools of 100 feet at a cost of $80.00. The brackets come in cases of 2000 pieces for a cost of $50.00. Ignore cutting allowances. 1. What is the total material cost for framing the prints for the festival