Question: Your Boss wants to test your estimating knowledge and asks you to work on the estimation of an asphalt pavement project that your company intends

Your Boss wants to test your estimating knowledge and asks you to work on the estimation of an asphalt pavement project that your company intends to take on. This is a good opportunity for you to prove your skills.
The project consists of laying 40,000 square yards of asphalt pavement in the Cherokee area. There is a single asphalt paver available for the project that can pave a maximum of 5,000 square yards in an 8-hour day.
The operator for the asphalt paver will be working 60 hrs per week (12 hrs Mon through Fri) and the overtime is paid as double time for all hours over 8 hours/day.
You also acquired some more details as follows:
Base wage is $ 40/hr
FICA is 7.65%
Unemp insurance is 2%
Liability insurance is $2.50 per $100
Workers compensation is $6.50 per $ 100
Fringe benefits are paid at $ 14.50 per hour
You are required to estimate the average hourly cost for the asphalt paver operator.

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