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    Business
  3. Study Set
    Project Management
  4. Exam
    Exam 7: Budgeting and Cost Estimation
  5. Question
    A Work Element in the Project Plan Requires 50 Hours
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A Work Element in the Project Plan Requires 50 Hours

Question 1

Question 1

Short Answer

A work element in the project plan requires 50 hours of labor each by four carpenters. The carpenters are paid $15 per hour and incur an overhead rate equal to 80 percent of their direct labor charges. Based on this data, the appropriate cost is __________.

Correct Answer:

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