Pm592

Instructions: Please complete all 3 multi-part problems for this weeks assignment. 2-1 extremist Estimating Problem Your company is installing a new alternate of machining equipment and a robotic arm. Your manager asks for the project exists by toll assembly line of study as well as the total amount. prone the interest information, develop a base cost look by grouping costs by Equipment / real (items 1 4), innovation / Labor (items 5 and 6), and Overhead (items 7-9). 1. Two pieces of equipment cost $ 15,000 and $ 35,000 2. Material required for electrical hook-up is cd feet at $ 25 per hoof 3. Controls for severally piece of equipment atomic number 18 estimated at $ 600 each 4. Required start-up real is 3,700 ram downs at $ 2.70 per pound 5. Company labor for installation requires 2 sustentation specialists for ii daylightlights at eight moments per day and $ 35 per second 6. Contract labor is estimated at a fixed de termine of $ 7,500 7. Engineering is estimated to be 15% of (equipment / material) cost based on past know 8. Inspection is estimated to be 3% of (labor) cost based on past experience 9. General and administrative expenses be estimated to be 5% of the total of (equipment / material) and (labor) based on past experience.

Note: For this problem, only items 5 and 6 are considered labor for the purpose of calculating items 8 and 9. 1. Two pieces of equipment cost $ 15,000 and $ 35,000=$50,000 2. Material required for electrical hook-up is 400 feet at $ 25 per foot=$10,000 3. Controls for each piece of equipment are estimated at $ 600 each=$6! 00x2=$1,200 4. Required start-up material is 3,700 pounds at $ 2.70 per pound =$9,990 Total Equipment/material=$71,190.00 5. Company labor for installation requires two maintenance specialists for two days at eight hours per day and $ 35 per hour=$1,120 6. Contract labor is estimated at a fixed charge of $ 7,500=$7,500 Installation/Labor=$8,620.00 7. Engineering is estimated to be 15%...If you take to get a full essay, army it on our website: BestEssayCheap.com

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