Question: In connection with surfacing a new highway, a contractor has a choice of two sites on which to set up the asphalt missing plant equipment.
In connection with surfacing a new highway, a contractor has a choice of two sites on which to set up the asphalt missing plant equipment. The contractor estimates that it will cost $1.15 per cubic yard per mile (yd^3 -mile) to haul the asphalt paving material from the mixing plant to the job location. Factors relating to the two mixing sites are as follows (production costs at each site are the same): The job requires 50,000 cubic yards of missed-asphalt-paving material. It is estimated that four months (17 weeks of five working days per week) will be required for the job. Compare the two sites in terms of their fixed, variable, and total costs (show all necessary works). 2. Estimate the cost of the wedding of a rich man's daughter to be held in a historical location in Washington, D.C from the information furnished below. Two hundred guests are being invited. It is estimated that 25% of the guests will have an average of one soda, 50% of the guests will have on an average two mixed drinks, and the remaining 25% of the guests will have on an average two beers. Estimate the wedding cost and also compute the cost per guest (show all your works)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
