Compute the average hourly cost of carpenter

Reference no: EM13283263

Compute the average hourly cost of a carpenter to a contractor. Assume the work is in a subsistence area and the daily subsistence rate is $19.50. The carpenter works the second shift on a two-shift project where a project labor contract establishes a %u2018%u2018work 7 pay 8 hour%u2019%u2019 pay basis for straight time. He works 6 days, 10 hours a day. In addition to time and a half for overtime Monday through Friday, the contract calls for double time for all work on weekends. Use 6.2% FICA and 5.0% for unemployment insurance. Assume all data relating to the WC, PL, PD, fringes, and wage are as given in Table 15.5.

Reference no: EM13283263

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