A factory was built in 2016 at a total cost of $900,000. Additional information is given in the table (all2015 indices =100).CostElementAverage Percentageof Total CostIndex2016Index2020Labor35105121Materials25112119Equipment40106116a. Calculate a weighted index for factory construction in 2020.b. Prepare a budget estimate for a factory in 2020.Show your calculations or spreadsheet.

A composite index could in turn be created by averaging the ratios of designated costs of an item of…

A factory was built in 2016 at a total cost of $900,000. Additional information is given in the table (all 2015 indices = 100). Cost Element Average Percentage of Total Cost Index Index 2016 2020 Labor 35 105 121 Materials 25 112 119 Equipment 40 106 116 a. Calculate a weighted index for factory construction in 2020. b. Prepare a budget estimate for a factory in 2020.

A factory was built in 2016 at a total cost of $900,000. Additional information is given in the table (all 2015 indices = 100). Cost Element Average Percentage of Total Cost Index Index 2016 2020 Labor 35 105 121 Materials 25 112 119 Equipment 40 106 116 a. Calculate a weighted index for factory construction in 2020. b. Prepare a budget estimate for a factory in 2020.

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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please do only part D and E in 10 minutes will upvote ...hand written plzzz