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Starter portion of question i need help on attached is the starting point Price per Privacy fence section - Based on Cost Estimate Standard Costs

Starter portion of question i need help on attached is the starting point

image text in transcribed Price per Privacy fence section - Based on Cost Estimate Standard Costs Sheet: Standard per Privacy Panel (6ft. x 6 ft.): Materials: 12- - 5\"x69\" boards at $3.00/# Trim - 24 feet at $.50/foot Labor: Assembly - 1.50 hour at $25 per hour Finishing - .25 hour at $20 per hour Factory Overhead: Driver is direct labor hours and the rate is $10 per hour. Installation: $20 per panel, plus cost of posts at $5 each. Prepare a Job Costing Estimate - Frank Ava was contacted by Atlantic Oceans Company about building and installing Privacy Fence around their property. The grounds are approximately 2 acres, rectangular, 110 ft. x 800 ft. There are two large driveways, each 24 feet wide. Required: a) Calculate the number of panels needed for the job. Only whole panels, no partials. b) Calculate the cost per panel and total cost of the job. c) Create a Job Cost Sheet that incorporates above data, and allows for documenting Actual Costs. (See Job Costing sheets from Cost Accounting.) d) Determine the bid price if Mr. Ava typically uses a 30% markup on time and materials. Add in installation after costing the fence. e) Write up the bid for Mr. Ava to send to Atlantic Oceans Company

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