Question: Consider the following costs associated with all work packages (WP A and WP B) of a project: WP Labor hours Type 1 Labor hours Type

Consider the following costs associated with all work packages (WP A and WP B) of a project:

WP

Labor hours Type 1

Labor hours Type 2

Labor hours Type 3

Material

Equipment

Subcontracts

Other

A

30

30

10

$500

$100

$8000

$300

B

5

20

60

$200

$1,000

$2000

$400

The rate of Labour hours Type 1 is $15.

The rate of Labour hours Type 2 is $25.

The rate of Labour hours Type 3 is $35.

Calculate the total cost of the project.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

The following figure represents a digital cockpit (or dashboard) for General Electric. The cockpit has 15 items highlighted. Identify which numbered item tracks or shows the following data: a. The...

Q:

Consider the following costs associated with all work packages (WP A and WP B) of a project: Labor hours Labor hours Labor hours WP Material Equipment Subcontracts Other Type 1 Type 2 Type 3 A 30 30...

Q:

Q 2 9 Consider the following costs associated with all work packages ( WP A and WP B ) of aproject:WPABLabor hours Labor hours 3 0 5 Type 1 3 0 2 0 Type 2 Labor hours 1 0 6 0 Type 3 The rate of...

Q:

Q 2 9 Consider the following costs associated with all work packages ( WP A and WP B ) of aproject:WPABLabor hours Labor hours 3 0 5 Type 1 3 0 2 0 Type 2 Labor hours 1 0 6 0 Type 3 The rate of...

Q:

Consider the following costs associated with all work packages (WP A and WP B) of a project: WP Labor hours Type 1 Labor hours Type 2 Labor hours Type 3 Material Equipment Subcontracts Other A 30 30...

Q:

I would like to have the answers for question 1 thru 64 please ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the...

Q:

I would like have the answers for questions 65 - 130 ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the cash...

Q:

The following events apply to Baird Manufacturing Company. Assume that all transactions are cash transactions unless otherwise Indicated. Transactions for the Year 1 Accounting Period 1. The company...

Q:

Help needed for job costing assignment.I need to show all the calculations. Job Order Costing PROJECT Krishna saxena | cost measurement, plan & control | 20 th feb'2017 1 Custom Fabric Ventures is a...

Q:

Can you answer this for me please?? Dem Damps, a welder has been asked to provide a quotation to build grills for a recently purchased house in a gated community for a customer. Damps has to consider...

Q:

Memories, Inc., needs a cash budget for Year 3 and has provided you with the following information. Sales are all on account (no cash) and are estimated to be collected over a three-month period,...

Q:

Refrigerant-134a at 200 kPa and 25C flows through a refrigeration line. Determine its specific volume, internal energy, enthalpy, and entropy.

Q:

The following information was drawn from the accounts and records of the Kindness Cooperative, a nongovernment ONPO. The balances are as of December 31, 20X7, unless otherwise noted. Unrestricted...

Q:

can you put this in income statement Teal Mountain Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information...

Q:

An opportunist is a leader or manager who... Group of answer choices Looks for opportunities to build on the strengths and talents of individuals to accomplish the goals of the group Provides...

Q:

2. There is no simple solution to the distractions that we face in our personal and work lives. Jackson states that the solution to the issue is self-discipline. Many distractions are self-initiated....

Q:

2. Print out the most recent e-mails that you have sent or received and bring them to class. Analyze their effectiveness in terms of the e-mail tips in this chapter. Did the messages violate any of...

Q:

c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?