Exercise 5-29 Methods of Estimating Costs: Engineering Estimates (LO 5-2) Twain Services offers leadership training for local companies. It employs tree levels of seminar leaders, based on experience, education, and management level being targeted: guru mentor, and helper. When Twain bids on requests for seminars, it estimate the costs using a set of standardized billing rates. It then adds an estimate for travel supplies, and so on referred to as out-ofpocket costs). Next t applies a percentage to the total of seminar leader cost and out-of-pocket cost for general and administrative (OSA) expense. The estimates for each of these elements are shown below. 5750 Guru cost per hour Mentor cost per hour Helper cost per hour GLA factor $400 Required: Marcus Foundries has asked Twain for a set of seminars for managers at several levels. The bidding manager Twain estimates that the work will require 35 guru-hours, 190 mentor-hours, and 650 he per hours She estimates out-of-pocket costs to be $23.000. What is the estimated cost of the proposed seminars, based on these estimates? 6 tu Mertrou Helper cost Out-of-pockets Estimated consultant and miscellaneous cost GLAGO Estimated costs $ $ 0