Question $6$

$7$ pts

Here is a deceptively simple project costing problem. I want you to calculate the project costs using the following data:

Hourly rate labor: $$60$ per hour

Hourly rate equipment: $$100$ per hour

Project duration: $75$ hours

G&A overhead costs: $30\%$ of total direct costs

Profit: $25\%$

What is the profit for this projects?

$$3,600$

$$15\mathrm{.}600$

$$7\mathrm{.}500$

$$4\mathrm{.}500$

$$12,000$

$$3,900$

$$19\mathrm{.}500$