Victor, a Project Manager, Is Constructing a Budget for a Project

Multiple Choice

Victor, a project manager, is constructing a budget for a project to construct a house. He estimates that the materials will cost $100,000 and the project will require 15 people working 6 hours a day to ensure timely completion. He estimates the cost of labor at $15 per hour. Additional costs, safety equipment, and overheads are marked at a rate of 50 percent of direct labor. In this scenario, the total cost of the project will be _____.

A) $120,000
B) $102,025
C) $100,090
D) $100,900
E) $110,510