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7) Fuqua Company manufactures Part 1982. Part 1987 requires the following: 1) 2) 3) 4 pounds of material, at a cost of $2.00 per pound Direct labor 3 hours at $15 per unit hour Manufactures Overhead of $5.00 per direct labor hour Question #8 You are the manager of NJIT Construction Company. In Newark there are two old buildings next to each other which the city wishes to demolish and eventually intends to build new two family homes. Newark has requested a bid from NJIT for the demolition project. You & the construction manager of NJIT have visited the site & have come up with the following estimates: Estimated number of days to make the site safe before work can begin 2 Days Estimated number of days to complete the demolition 10 Days Estimated number of yards of waste material to be hauled away 1,000 Yards Estimated number of days heavy equipment needed to be rented 3 Days Number of construction worker needed to secure & make the site safe before work can begin - these are skilled workers 2 per day Number of construction worker needed for the actual demolition Skilled 3 per day Laborers 5 per day Average Daily pay per construction worker Skilled Laborers $140.00 $91.00 Cost of Waste Material per Yard $2.50 per yard Cost of Heavy Equipment Rental per day $1,000 per day Other Estimated Costs Owned Equipment used for demolition - Complete Project depreciation, repairs etc. $150 per day Other Overhead - for the entire project $15,000.00 You prepare the following Budget: PHASE 1 - Site Safety Labor Costs Total Cost Of Safety PHASE 2 - Demolition Labor Costs Skilled Laborers Equipment Rental Waste Removal Owned Equipment used for demolition - Complete Project Other Overhead - for the entire project Total Cost Of Demolition TOTAL COST OF JOB NJIT Construction wishes to make a 25% net profit on the job. Bid from NJIT 10) A sales budget is a) b) Derived from the production budget Managements best estimated of sales revenue for the year Not the starting point for the master budgey Prepared only for credit sales d) 7) Fuqua Company manufactures Part 1982. Part 1987 requires the following: 1) 2) 3) 4 pounds of material, at a cost of $2.00 per pound Direct labor 3 hours at $15 per unit hour Manufactures Overhead of $5.00 per direct labor hour Question #8 You are the manager of NJIT Construction Company. In Newark there are two old buildings next to each other which the city wishes to demolish and eventually intends to build new two family homes. Newark has requested a bid from NJIT for the demolition project. You & the construction manager of NJIT have visited the site & have come up with the following estimates: Estimated number of days to make the site safe before work can begin 2 Days Estimated number of days to complete the demolition 10 Days Estimated number of yards of waste material to be hauled away 1,000 Yards Estimated number of days heavy equipment needed to be rented 3 Days Number of construction worker needed to secure & make the site safe before work can begin - these are skilled workers 2 per day Number of construction worker needed for the actual demolition Skilled 3 per day Laborers 5 per day Average Daily pay per construction worker Skilled Laborers $140.00 $91.00 Cost of Waste Material per Yard $2.50 per yard Cost of Heavy Equipment Rental per day $1,000 per day Other Estimated Costs Owned Equipment used for demolition - Complete Project depreciation, repairs etc. $150 per day Other Overhead - for the entire project $15,000.00 You prepare the following Budget: PHASE 1 - Site Safety Labor Costs Total Cost Of Safety PHASE 2 - Demolition Labor Costs Skilled Laborers Equipment Rental Waste Removal Owned Equipment used for demolition - Complete Project Other Overhead - for the entire project Total Cost Of Demolition TOTAL COST OF JOB NJIT Construction wishes to make a 25% net profit on the job. Bid from NJIT 10) A sales budget is a) b) Derived from the production budget Managements best estimated of sales revenue for the year Not the starting point for the master budgey Prepared only for credit sales d)