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A contract is let for Php 10,000. It is to be completed in 4 weeks' time, subject to a penalty of Php 240 per day if the that time is exceeded. At the end of 3 weeks, the work is 60% complete. Cost of labor was initially estimated at Php 4,000 when working 40 hours per week. If overtime, labor must be compensated at double time and work is 8 hours per day straight time. On the revised work schedule, determine if would it be cheaper to take the penalty or to complete the job by working overtime and how much is the difference in labor?

A contract is let for Php 10,000. It is to be completed in 4 weeks' time, subject to a penalty of Php 240 per day if the that time is exceeded. At the end of 3 weeks, the work is 60% complete. Cost of labor was initially estimated at Php 4,000 when working 40 hours per week. If overtime, labor must be compensated at double time and work is 8 hours per day straight time. On the revised work schedule, determine if would it be cheaper to take the penalty or to complete the job by working overtime and how much is the difference in labor?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A contract is let for Php 10,000. It is to be completed in 4 weeks' time, subject to a penalty of Php 240 per day if the that time is exceeded. At the end of 3 weeks, the work is 60% complete. Cost of labor was initially estimated at Php 4,000 when working 40 hours per week. If overtime, labor must be compensated at double time and work is 8 hours per day straight time. On the revised work schedule, determine if would it be cheaper to take the penalty or to complete the job by working overtime and how much is the difference in labor?
Transcribed Image Text:A contract is let for Php 10,000. It is to be completed in 4 weeks' time, subject to a penalty of Php 240 per day if the that time is exceeded. At the end of 3 weeks, the work is 60% complete. Cost of labor was initially estimated at Php 4,000 when working 40 hours per week. If overtime, labor must be compensated at double time and work is 8 hours per day straight time. On the revised work schedule, determine if would it be cheaper to take the penalty or to complete the job by working overtime and how much is the difference in labor?
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