Question
Problem 15-45 Time and Material Pricing (LO 15-9) Southern Tier Heating, Inc., installs heating systems in new homes built in the southern tier counties of
Problem 15-45 Time and Material Pricing (LO 15-9)
Southern Tier Heating, Inc., installs heating systems in new homes built in the southern tier counties of New York state. Jobs are priced using the time and materials method. The president of Southern Tier Heating, B. T. Ewing, is pricing a job involving the heating systems for six houses to be built by a local developer. He has made the following estimates.
Material cost $78,000
Labor hours300
The following predictions pertain to the company's operations for the next year.
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
