B9 Crew Makeup(6) Scrapers:(1) Pushcat:(2) Water Trucks:(3) Grade Checkers:(7) Operators:1.$176/hr Each$170/hr Each$110/hr Each$73/hr Each$78/hr EachEquipmentEquipmentSubcontractLaborLaborYou have calculated the production rate at 575 BCY/HR• Given the following options calculate the unit price:Option 1= 30% of laborOption 2 = 18% of totalOption 3 = Broad Basedo Labor:o Subcontracts:o Equipment:20%5%10%

Cost refers to the total amount of money that is required to produce or acquire a product or…

1. Crew Makeup (6) Scrapers: (1) Pushcat: (2) Water Trucks: (3) Grade Checkers: (7) Operators: $176/hr Each $170/hr Each $110/hr Each $73/hr Each $78/hr Each • Option 2 = 18% of total • You have calculated the production rate at 575 BCY/HR • Given the following options calculate the unit price: • Option 1 = 30% of labor • Option 3 = Broad Based o Labor: o Subcontracts: o Equipment: Equipment Equipment Subcontract 20% 5% 10% Labor Labor

1. Crew Makeup (6) Scrapers: (1) Pushcat: (2) Water Trucks: (3) Grade Checkers: (7) Operators: $176/hr Each $170/hr Each $110/hr Each $73/hr Each $78/hr Each • Option 2 = 18% of total • You have calculated the production rate at 575 BCY/HR • Given the following options calculate the unit price: • Option 1 = 30% of labor • Option 3 = Broad Based o Labor: o Subcontracts: o Equipment: Equipment Equipment Subcontract 20% 5% 10% Labor Labor

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

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