The gentleman farmer and surrealist aficionado commissioned a mural on barn that was an homage to Salvador Dalí's Persistence of Memory with a few farm animals included
The project would require the services of a senior muralist, a junior muralist, and a gofer. The senior muralist has an annual salary of $120,000, the junior muralist draws an annual salary of $75,000, and the gofer makes $30,000 per year. It is anticipated that the project will require 25 hours of senior muralist time, 40 hours of junior muralist time, and 60 hours of gofer time. Overhead charges vary by position; the gofer has a lower overhead rate (30%) than the two muralist positions (50%). Use 2080 hours as an estimate for the number of hours in a year and a 15% factor for personal time. What is the total direct labor cost for the project?
The table displays the sequence of calculations; the total direct labor cost is $6,269.71
Annual Salary Hourly Rate Hours Needed Overhead Personal Direct Labor
$120,000.00 $57.69 25 1.5 1.15 $2,487.98
$75,000.00 $36.06 40 1.5 1.15 $2,487.98
$30,000.00 $14.42 60 1.3 1.15 $1,293.75
Total $6,269.71
You might also like to view...
Brand mantras typically are designed to capture the brand's ________, that is, what is unique about the brand
A) points-of-conflict B) points-of-parity C) points-of-inflection D) points-of-difference E) points-of-presence
Land Shoes Land Shoes received a promissory note from a customer on July 1, 2012. The face value of the note is $45,000; the terms are 12 months and 10% annual interest. Refer to the information provided for Land Shoes. At the maturity date, the customer pays for the note and interest. Land Shoes made the proper adjustment at the end of December 2012 for interest. The effect of recognizing the
transaction on the maturity date is: A) a decrease to cash. B) a decrease to interest receivable. C) an increase to interest receivable. D) a decrease to notes receivable.
The ________ certifies mastery of project manager competencies through a formal examination that covers the entire body of knowledge of project management.
What will be an ideal response?
Rashi contracts to work for Social Data Analysis Corporation dur¬ing June for $4,500. On May 31, Social Data cancels the contract. Rashi declines a job of a different type and rank with Tech Collection, Inc, which would have paid $3500. Rashi files a suit against Social Data. As compensatory damages, Rashi can recover
a. $4,500. b. $4,000. c. $500. d. $0.