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EX5-2 (Algo) Mrs. Tolstoy and her husband, Serge, are... Mrs. Tolstoy and her husband, Serge, are planning their dream house. The lot for the house
EX5-2 (Algo) Mrs. Tolstoy and her husband, Serge, are... Mrs. Tolstoy and her husband, Serge, are planning their dream house. The lot for the house sits high on a hill with a beautiful view of the Appalachian Mountains. The plans for the house show the size of the house to be 2700 square feet. The average price for a lot and house similar to this one has been $110 per square foot. Fortunately, Serge is a retired plumber and feels he can save money by installing the plumbing himself. Mrs. Tolstoy feels she can take care of the interior decorating. The following average cost information is available from a local bank that makes loans to local contractors and disperses progress payments to contractors when specific tasks are verified as complete. 21% Excavation and framing complete 5% Roof and fireplace complete 3% wiring roughed in Plumbing roughed in 8% siding on 22% windows , insulation, walls, plaster, and garage complete 9% Furnace installed 6% Plumbing fixtures installed 9% Exterior paint, light fixtures installed, finish hardware installed 2% carpet and trim installed 3% interior decorating 5% Floors laid and finished Calculate the estimated cost for the Tolstoy's house if they use contractors to complete all of the house. (Round the final answer to the nearest dollar.) Estimated cost Calculate the estimated cost for the Tolstoy's house if they use their talents to do some of the work themselves (all plumbing and interior decoration). (Round the final answer to the nearest dollar.) Estimated cost
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