Question
VU Industries is bidding on a construction contract for 8 identical solar power plants to be operated on land owned by the customer. Materials
VU Industries is bidding on a construction contract for 8 identical solar power plants to be operated on land owned by the customer. Materials for each plant totals $2,390,000 Million. There are two types of labor for each plant; construction labor and back-office labor, as follows: Type of Labor Number Hours for 1st Cost per Hour Learning Percentage Construction Plant 52,500 hours $40 0.75 Back-Office 8,000 hours $15 0.60 Material costs are fixed and there is no learning factor associated with materials. For biding purposes, VU computes selling price using a markup of 13% on total project costs including materials and all labor. Compute the total amount of VU's bid for the 8 solar power plants. Round to the next whole dollar and submit your answer in the space below with no $
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