Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Jamison Construction has implemented a cost estimation system using regression analysis. The variable cost per hour of labor is $35 and the fixed cost was determined to be $186,000. If Jamison projects it will be working 204,000 hours in 2019, what is the projected total cost

Sagot :

abiolataiwo2015

Answer:

$7,326,000

Explanation:

Calculation for what is the projected total cost

Using this formula

Projected total cost=(Projected hours*Variable cost per hour of labor)+Fixed cost

Let plug in the formula

Projected total cost=(204,000 hours*$35)+$186,000

Projected total cost=$7,140,000+$186,000

Projected total cost=$7,326,000

Therefore the projected total cost will be $7,326,000

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.