please assist in answering the following questions. Thank you in advance. us pla
ID: 1712223 • Letter: P
Question
please assist in answering the following questions. Thank you in advance.
us planaed (using the hudgeted rato of production). (4 pts) ..lanned { 3. Using all available infonmation, provide the total costs for each resouree below shouid Lalar Trucks hould .Total Costs S each resource below s t. Using all availsble information, provide the total hoursfor ead the project continue as pland.3 pts) Laborhours hours hours Tracks g all available iafoemation, proide the total custs for each resource below should e project coatinue per current production rates (4 pts) .Machiaes s .LaberS .Trucks Total Costs S - low should Using all available information, providethe total hours for each resource be the project continue per current production rates. (3 pts) o. - Machines -hours hours bours Trcks - 2. If the projeet continues as planned, will the project be over By how much? (2 pls) or under -budget? (Check one) 8. If the project continucs per current production rates, will be project be over (Check one) How much? (2 pts) der budget? or un 9. Assuning that our bid price was for S5/CY what was our as planned margin in S/CY for the project? (1 pts) /CY 10. Knowing that the quantity 'bust of 10,000 CY is our responsibility, and we were unable to bill at closeout the additional yardage at our bid price-what would our margin be: (2 pts) If we continue as planned? S a. /CY b. If we continue at current production rates? S /CYExplanation / Answer
1.Planned (budgeted) unit rate per CY-
Time
Machines = 1300/100,000=.013 hr/CY
Labor = 5100/100,000=0.051 hr/CY
Trucks =2100/100,000=0.021 hr/CY
cost -
Machine = 160,000/100,000 = $1.6/CY
labor = 155,000/100,000 =$1.55/CY
Trucks = 61,500/100,000=$0.615/CY
2.Actual unit rate per CY to date-
Total excavation completed=110,000-30,000=80,000 CY
Machine = 845/80,000=0.0105 hr/CY
Labor =3810/80,000=0.0476 hr/CY
Trucks =1660/80,000=0.02075 hr/CY
cost-
Machine =$1.1/CY
Labor =$1.575/CY
Trucks=$0.6005/CY
3. Total cost as per budget-
Actual excavation quantity =110,000 CY
Machine=$1.6 × 110000 =$176000
labor = $1.55 × 110,000 = $170,500
Truck= $.615 × 110,000 =$67,650
total cost = 67,650 + 170,500 + 176000 =$414150
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