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What is the mid-point

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Reference no: EM132554650

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

Reference no: EM132554650

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