Determine the cost to finish the slab in Problem 51 using a productivity of 0.011 labor hours per square foot and an average labor rate of $29.92 per labor hour.
From Problem 52, the area of the slab is 8,300 sf.
Labor hour = 0.011 lhr per sf × 8,300 sf = 91.3 lhr
Labor cost = 91.3 lhr × $29.92/lhr = $2,731.70
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