A company installs manufactured buildings used as temporary classrooms in public schools. You are the project manager responsible for a contract to install three (3) classrooms at a high school in Sacramento. Your project team has prepared the following cost estimates for the proposed project: 160 direct labor hours for the first classroom, $50,000 as total direct material costs of each classroom, and $10,000 as ODC for each classroom (this covers transportation cost to the site). Your management uses the following guidelines when determining the price of a contract: Direct labor rate of $85/hour Indirect cost of 25% of total direct costs. Profit of 10% of the contract price, and You must consider the learning curve phenomenon in your answer. For the classroom project described above, please develop a Contract Bid Summary which provides the following data (all values to be in $s): Total direct labor Total direct material Total ODC Total direct costs Total indirect costs Total cost Profit Total price A company installs manufactured buildings used as temporary classrooms in public schools. You are the project manager responsible for a contract to install three (3) classrooms at a high school in Sacramento. Your project team has prepared the following cost estimates for the proposed project: 160 direct labor hours for the first classroom, $50,000 as total direct material costs of each classroom, and $10,000 as ODC for each classroom (this covers transportation cost to the site). Your management uses the following guidelines when determining the price of a contract: Direct labor rate of $85/hour Indirect cost of 25% of total direct costs. Profit of 10% of the contract price, and You must consider the learning curve phenomenon in your answer. For the classroom project described above, please develop a Contract Bid Summary which provides the following data (all values to be in $s): Total direct labor Total direct material Total ODC Total direct costs Total indirect costs Total cost Profit Total price