The preliminary cost for a 41,000 ft^2 aircraft hangar must be estimated. The bu

Question

The preliminary cost for a 41,000 ft^2 aircraft hangar must be estimated. The budget limit came in at $4.1 million. Perform two analyses: determine the maximum allowed size to be within budget at the first estimated unit cost, and determine the maximum unit cost to stay within budget and maintain the original size. The maximum allowed size to be with budget at the first estimated unit cost is _____ ft^2 The maximum unit cost to stay within budget and maintain the original size is determined to be $____ per ft^2

Explanation / Answer

Answer:The maximum allowed size to be with budget at the first estimated unit cost is 34,167_____ ft^2

Calculation: The range of price per ft^2 of aircraft hangar in the last one year obtained is $40-200, therefore average is $120.

Now, assuming $120 as the current rate per ft^2. With $4.1 million as the budget, the maximum size affordable should be $4.1 million/$120=34,167 ft^2.

Answer:The maximum unit cost to stay within budget and maintain the original size is determined to be $_100___ per ft^2.

Calculation:The budget limit is $4,100,000 and the original size is 41,000ft^2. Therefore, $4,100,000/41,000=$100 per ft^2

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.