Question: Happy House Construct ltd . ( HHC ) intends to build 5 0 identical 7 5 m 2 apartments intended for young people. HHC estimates

Happy House Construct ltd.(HHC) intends to build 50 identical 75 m2 apartments intended for young people. HHC estimates that the workhours needed for the first apartment is approx. 900h. The average cost per workhour based on past projects is approx. 65. The cost of material per apartment is estimated to be 70.000, the land development cost per apartment is 20.000 and the total design cost for all apartments is 200.000. The learning curve is decided to be 65%.

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