Solution-Estimated direct-labor cost for job description

Estimated direct-labor cost for job description

Assignment Help Business Management

Reference no: EM131347913

Q.1 We are interested in finding the estimated direct-labor cost for the job description of industrial electrician. The year consists of 52 40-hour weeks, and overtime is seasonal for 12 weeks consisting of Saturday work of 8 hours. The contract allows for nine paid holidays and two weeks of vacation at regular time. Four days of sick leave are paid. Expected non-chargeable hours are 5%. A subsidy for performance will be 15%. Non-hourly costs include FICA taxes at the current federal rate, workmen's compensation at 1% of regular wages up to $15,000, accident insurance sum of $200, major medical plans for $500, and Christmas gift of $50. The hourly base is $27.10.

1) Find the effective gross hourly cost.

2) What is the job cost for this electrician if a job requires 25 man-hours?

3) What is the loss or gain if efficiency will be 85% or 115% for the job?

Reference no: EM131347913

Questions Cloud

Determine the reaction equation and molal air fuel ratio : Determine the reaction equation and molal air/fuel ratio for the combustion of dimethyl ketone (acetone), CO(CH3)2, with 0.00% excess air.

Create a roulette game : Create the programs in C++ that perform the purpose described and show the sample output - Create a .cpp program that verifies the strength of a password that a user is entering is strong

Set up a transition monitoring team : What would be your plan of action to set up a transition monitoring team (guiding coalition), what would be this team's role, and how would you know when their work is completed?

Perform a monte carlo simulation : Beginning with a random configuration on a fairly large lattice (L = 32), perform a single run of 20 MC sweeps at T = 5.0. and look at the printout of the configuration.

Estimated direct-labor cost for job description : We are interested in finding the estimated direct-labor cost for the job description of industrial electrician. The year consists of 52 40-hour weeks, and overtime is seasonal for 12 weeks consisting of Saturday work of 8 hours. The contract allow..

Stock need to be for the firm to issue the new shares : Tennessee Valley Antiques would like to issue new equity shares if its cost of equity declines to 12.5 percent. The company pays a constant annual dividend of $2.10 per share. What does the market price of the stock need to be for the firm to issue t..

Determine the heat produced per kgmole of fuel : Liquid ethyl alcohol at 77.0°F is burned in 100.% theoretical air. Determine the heat produced per kgmole of fuel when the products are at 540.°F.

Find the values of a b c and d in the given reaction : Kerosene (decane, C10H22) with a density of 49.3 lbm/ft3 has a HHV of 20,484 Btu/lbm and costs $0.500 per gallon. Calculate the cost of 1.00 therm (105 Btu) obtained by burning kerosene.

Formulate a linear programming model : Formulate a linear programming model for this problem to determine how many bowls and how many mugs should be produced in order to maximize the total profit.

User Account

All Pages

Estimated direct-labor cost for job description

Reference no: EM131347913

Reference no: EM131347913

Questions Cloud

Reviews

Write a Review

Business Management Questions & Answers

Changes and developments in hr management

What are the distinguishing characteristics of services

Managerial economic essay question

Goods services will be produced and sold in the us

Explain health care in america is very different

Bluebonnet creameries is a large us ice cream company the

Picturing culture

Types of unemployment in south africa

Discuss the future policy changes of southwest airlines

Do you think the united states laws are effective

Report on the role of quality in business integration

Conform to umuc academic policies

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT