The operator of a rock quarry is invited to bid on furnishing 3500 cy. of aggregate for a job. The gravel is to be delivered to a job, which is 12 miles from the quarry. The aggregate will be loaded into trucks by a loader that can load at a rate of 80 cy/hr. the truck will haul 12 cy/load and average 35 mile/hr loaded and 45 min/hr empty. The estimated time to dump a load is 5 min. Assume 45 min/hr efficiency for the loading and hauling operation. This cost information applies: Overhead Profit Loader Trucks each Loader operator $0.85/cy $0.35/cy $75.00/hr $24.50/hr $21.67/hr $17.30/hr $26.70/hr Truck driver Foreman a) What price per cubic yard should be bid? b) If a competitor plans to bid a job, how can you make your estimation more competitive? (your comment)