Calculate the direct cost of labor for the project team using the following data
ID: 1982651 • Letter: C
Question
Calculate the direct cost of labor for the project team using the following data. What are the costs for the individual project team members? What is the fully loaded cost of labor?
Name
Hours Needed
Overhead Charge
Personal Time Rate
Hourly Rate
Fully Loaded Labor Cost
Sandy
60
1.35
1.12
$18/hr
Chuck
80
1.75
1.12
$31/hr
Bob
80
1.35
0
$9/hr
Penny
40
1.75
1.12
$30/hr
Total Fully Loaded Labor Cost =
Name
Hours Needed
Overhead Charge
Personal Time Rate
Hourly Rate
Fully Loaded Labor Cost
Sandy
60
1.35
1.12
$18/hr
Chuck
80
1.75
1.12
$31/hr
Bob
80
1.35
0
$9/hr
Penny
40
1.75
1.12
$30/hr
Total Fully Loaded Labor Cost =
Explanation / Answer
To calculate direct cost of labour we need formulae i.e.
Total direct labour cost = Hourly rate * Hours needed * Overhead charge * Personal time rate
If Overhead charge and Personal time rate was not given we need to determine cost of labour using given values, but should not make zero because work done by labour should be paid.
Bob personal rate is 0 indicates that he work for full hours without any break.
Hours
Needed
Overhead
Charge
Personal
Time Rate
Hourly
Rate
Fully Loaded
Labour Cost
NameHours
Needed
Overhead
Charge
Personal
Time Rate
Hourly
Rate
Fully Loaded
Labour Cost
Sandy 60 1.35 1.12 $18/hr $1,632.96 Chuck 80 1.75 1.12 $31/hr $4,860.8 Bob 80 1.35 0 $9/hr $972 Penny 40 1.75 1.12 $30/hr $2,352 Total Fully Labour Cost $9,817.76Related Questions
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