The Denver Iron & Steel Company is expanding its operations to include a new drive-in weigh station. The weigh station will be a heated/air-conditioned building with a large floor and small office. The large room will have the scales, a 15-foot counter, and several display cases for its equipment. Price of scales: 5000$, cost of the counter: 500$, Inverter AC :600$, labour cost: 15 $/hr, Overhead cost: 40% total labour cost, Benefits for labour: 4% of labour cost, Total Labour hours:220 hrs, Work stoppages: 10% of total hours Question: Using work element costing calculate the budget of this project, and create a WBS and responsibility chart for the project.

The Denver Iron & Steel Company is expanding its operations to include a new drive-in weigh station. The weigh station will be a heated/air-conditioned building with a large floor and small office. The large room will have the scales, a 15-foot counter, and several display cases for its equipment. Price of scales: 5000$, cost of the counter: 500$, Inverter AC :600$, labour cost: 15 $/hr, Overhead cost: 40% total labour cost, Benefits for labour: 4% of labour cost, Total Labour hours:220 hrs, Work stoppages: 10% of total hours Question: Using work element costing calculate the budget of this project, and create a WBS and responsibility chart for the project.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter5: Network Models

Section5.3: Assignment Models

Problem 17P

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