Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the project manager on a new project for your city to create an entertainment complex. The complex will consist of 3 stages and

image text in transcribed

You are the project manager on a new project for your city to create an entertainment complex. The complex will consist of 3 stages and a walkway. Additional space will be available for temporary stages or food vendors but costs for those are outside the project scope. You have received an estimate to purchase the land for $1.2 million. You team has determined that the walkways will be about 0.75 miles in length and the estimated concrete and labor costs for 100 feet are $2395. The raw material costs for the stages is estimated to be $900,000. Your team has previously built an identical stage for another project and it required 104 hours to construct using 3 laborers. You will use that initial time to help you calculate the time to build the three stages on this project, estimating that the learning curve for building stages is 0.85. Your labor hours are $180/hr for the 3 laborers. Calculate the total cost estimates for this project

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial & Managerial Accounting, The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

7th Edition

0136503616, 9780136503613

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago