2024 – Hansel Corporation has requested bids from several architects to design its new corporate headquarters Frey
Exercise 19-18 Cost-based pricing LO A1 – 2024
|
Hansel Corporation has requested bids from several architects to design its new corporate headquarters. Frey Architects is one of the firms bidding on the job. Frey estimates that the job will require the following direct labor. |
| Labor | Estimated Hours | Hourly Rate | |||||
| Architects | 150 | $ | 300 | ||||
| Staff | 300 | 75 | |||||
| Clerical | 500 | 20 | |||||
|
|
|||||||
|
Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $80,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $285,000 and $350,000 for the job. |
| 1. | What is Frey’s estimated cost of the architectural job? |
Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
