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The following contractor wage and labor data applies
Month Labor Hours Wage Rate
Jan 1000 $10.00
Feb 400 10.10
Mar 100 10.20
Apr 300 10.30
May 100 10.40
Jun 100 10.50
Question 1: What is the mid-point (weighted mean date) of effort for the contract?
A) 15 January
B) 1 February
C) 21 February
D) 15 February
Question 2: What labor cost would you estimate by multiplying the monthly wage rate by the hours for the month and totaling the monthly figures for the contract?
A) $20,000
B) $20,200
C) $20,240
D) $20,300
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