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Accounting in the construction industry. Thank you! Problem 1. Compute the average hourly cost of a carpenter to a contractor. Assume the work is in

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Problem 1. Compute the average hourly cost of a carpenter to a contractor. Assume the work is in a subsistence area and the daily subsistence rate is $19.50. The carpenter works the second shift on a two-shift project where a project labor contract establishes a "work 7 pay 8 hour" pay basis for straight time. He works 6 days, 10 hours a day. In addition to time and a half for overtime Monday through Friday, the contract calls for double time for all work on weekends. Use 6.2% FICA and 5.0\% for unemployment insurance, Additional public liability (PL) and property damage (PD) insurance for $25,000/50,000 and $25,000/$100,000, respectively is desired. Assume all data relating to the WC, PL, PD, fringes, and wages are as given in the table below (next page)

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