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A crew of four carpenters and two laborers will be used to build the formwork for a concrete building structure. Work is scheduled for 9

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A crew of four carpenters and two laborers will be used to build the formwork for a concrete building structure. Work is scheduled for 9 hours/day from Monday through Friday and 7 hours on Saturday. An overtime rate of double time is paid for all hours over 8 hr/day, Monday through Friday, and any work done on the weekends. The insurance rates are given below. Fringe benefits cover health and pension. For base wage rate and fringe benefits rate, see below. For the social security and Medicare taxes, use 7.65%. For the state unemployment tax, use 6%. Assume that the employer pays the state unemployment tax on a timely basis. Assume this is the first job this year for the crew, and that the crew will work for one month. Calculate the hourly and weekly cost for the crew. Classification Carpenter Laborer Base Wage $33.29 $29.36 Health $7.20 $7.10 Pension $13.36 $10.48 Insurance Type Workers' compensation insurance Public liability/property damage insurance Carpenter $24.52 / $100.00 $4.96 / $100.00 Laborer $18.65 / $100.00 $4.37 / $100.00 Wage Type of base wage of base wage

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