Question: For this assignment, you will determine Davis Bacon wages for your area for brick and block work given the following scenario: A crew of five

For this assignment, you will determine Davis Bacon wages for your area for brick and block work given the following scenario:

A crew of five (5) carpenters and two (2) laborers will be used to build formwork for a concrete structure. Work is scheduled for 10 hours (hrs)/day on Monday through Friday and 8 hours on Saturday. Overtime at a rate of one and one-half will be paid for all hours over 8 hours/day on Monday through Friday and double-time for all Saturday work. The base wage, taxes, and insurance rates are given below. Calculate the hourly, weekly, and monthly cost for the crew.

Item

Carpenters

Laborers

Base wage

$30.18/hr

$20.78/hr

Workers' compensation

$5.35/$100 of base wage

$4.75/$100 of base wage

Public liability/property damage

$2.50/$100 of base wage

$2.10/$100 of base wage

Social Security (FICA)

7.65% of actual wage

7.65% of actual wage

Unemployment tax

2% of actual wage

2% of actual wage

Fringe benefits

$2.40/hr

$2.15/hr

Deliverable: Upon completion of this assignment, you will deliver an Excel spreadsheet to include:

  • Tables of all information (data) given in the problem
  • Formulas that reference cells, thus creating dynamic formulas that will change if information in the tables changes
  • The final answer highlighted in yellow.

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