CALCULATING FULLY LOADED LABOR COSTS Calculate the fully loaded cost of labor for the project team using the following data. What are the costs for the individual project team members? What is the fully loaded cost of labor?

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Fully Loaded Hours Name Needed Overhead Personal Hourly Charge Time Rate Labor Rate Cost John 40 1.80 1.12 $21/hr Bill 40 1.80 1.12 $40/hr J.P. 60 1.35 1.05 $10/hr Sonny 25 1.80 1.12 $32/hr Total Fully Loaded Labor Cost