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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