Instructions: Please complete all 3 multi-part problems for this weeks assignment. 2-1 approved Estimating Problem Your company is installing a new particle of machining equipment and a robotic arm. Your manager asks for the project represents by speak to kinsfolk as well as the get amount. Given the interest information, develop a base cost estimate by grouping costs by Equipment / significant (items 1 4), institution / Labor (items 5 and 6), and Overhead (items 7-9). 1.Two get togethers of equipment costing $ 15,000 and $ 35,000 = $50,000.00 2.Material required for galvanic hook-up is 400 feet at $ 25 per floor = $10,000.00 3.Controls for each piece of equipment are estimated at $ 600 each = $1200.00 4. postulate start-up material is 3,700 pounds at $ 2.70 per pound = $9,990.00 5.Company labor for installation requires both maintenance specialists for two days at viii instants per day and $ 35 per hour = $1,120.00 6.Contract labor is estimated at a fi xed worth of $ 7,500.00 7.Engineering is estimated to be 15% of (equipment / material) cost based on outgoing brook = 10,678.50 8.reassessment is estimated to be 3% of (labor) cost based on past experience = 258.60 9.General and Administrative expenses are estimated to be 5% of the total of (equipment / material) and (labor) based on past experience. = 3990.
50 Note: For this problem, hit items 5 and 6 are considered labor for the purpose of indicate items 8 and 9. Check answer: Total project cost = $94,737.60 2-2 Three-point Estimate Problem (a)A project requires the use of morphological sha re name in several tasks over the 12 month ! intent expected to complete the work. Based on new-made experience the closely(prenominal) likely hurt for the material is $0.30/lb. There are, however, price fluctuations over time based on suppliers used and morphologic steel availability. The most optimistic price estimate is $0.24/lb., and the most pessimistic estimate is $0.62/lb. Use the three-point estimating process to determine the...If you bow out to get a full essay, order it on our website: OrderCustomPaper.com
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