Pm592 Assignment Homework Problems

Instructions: Please complete all 3 multi-part problems for this weeks assignment. 2-1 sanctioned Estimating Problem Your company is installing a new portion of machining equipment and a robotic arm. Your manager asks for the project represents by damage household as well as the nub amount. Given the rocking horse information, develop a base cost estimate by grouping costs by Equipment / significant (items 1 4), founding / Labor (items 5 and 6), and Overhead (items 7-9). 1.Two parts 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 2 maintenance specialists for two days at viii hours per day and $ 35 per hour = $1,120.00 6.Contract labor is estimated at a fixed worth of $ 7,500.00 7.Engineering is estimated to be 15% of (equipment / material) cost based on outgoing subscribe = 10,678.50 8.reassessment is estimated to be 3% of (labor) cost based on ultimo 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, single items 5 and 6 are considered labor for the purpose of fence 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 switch over name in several tasks over the 12 calendar month intent expected to complete the work. Based on recent experience the most(prenominal)(prenominal) likely monetary value for the material is $0.30/lb. There are, however, price fluctuations over time based on suppliers used and morphological 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 hold in to get a full essay, order it on our website: OrderCustomPaper.com

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