In your role as a compensation analyst, you have been assigned to calculate and compare the estimated costs of hiring full-time and part-time employees in anticipation of staffing a project. It will take 250,000 work hours to complete the project, and the project must be completed within a 5-workweek period. The work week runs Monday through Friday, within the daily hours of 8 am to 4 pm. Full-time workers provide 40 hours of weekly service. Part-time workers provide 20 hours of weekly service. Assume that the hourly wage rate for full-time workers is $30, and the rate is $15 for part-time workers. Both categories of workers perform the same sets of tasks. Also, assume that costs of benefits equal the amounts displayed in Table 12-2:

Employers' Hourly Costs for Full- and Part-Time Employee Benefits, December 2014

Benefit	Full-Time ($)	Part-Time ($)
Total hourly benefits costs	11.80	3.37
Paid leave	2.77	0.45
Supplemental pay	1.41	0.22
Insurance	3.18	0.70
Retirement and savings	1.65	0.32
Legally required benefits	2.78	1.68

Part 1

If the project is only staffed with full-time workers, how many employees will be needed to complete the project? 1250

The estimated total costs of wages and benefits would be

$10,450,000

Part 2

If the project is only staffed with part-time workers, How many employees will be needed to complete the project? 2500

The estimated total costs of wages and benefits would be? _____________________