A 130,000-square-foot building is to be constructed on a university campus. You just received two sets of estimates: physical area and furnishings percentages, and the per unit cost factors, as shown below. Estimate the cost of the building and its furnishings. Type of Usage Classrooms Laboratories Offices Area, % of 130,000 27 37 36 22 78 Cost per ft², $ 128 188 113 153 28 Furnishings-labs Furnishings-all others The estimated cost of the building and its furnishings is $

A 130,000-square-foot building is to be constructed on a university campus. You just received two sets of estimates: physical area and furnishings percentages, and the per unit cost factors, as shown below. Estimate the cost of the building and its furnishings. Type of Usage Classrooms Laboratories Offices Area, % of 130,000 27 37 36 22 78 Cost per ft², $ 128 188 113 153 28 Furnishings-labs Furnishings-all others The estimated cost of the building and its furnishings is $

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 1E

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