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Starting on page 151 of chapter 5...
Complete Exercises 1–3 ONLY in Ch. 5 of Project Management. See attached for Chapter 5
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Explanation & Answer
Attached.
Running Head: CHAPTER 5 EXERCISES
1
Chapter 5 Exercises 1–3
Students Name
Institution Affiliated
Date
CHAPTER 5 EXERCISES
2
1. Calculate the direct cost of labor for a project team member using the following data:
Hourly rate: $40/hr
Hours needed: 80
Overhead rate: 40%
To calculate Direct Cost of Labor:
80 𝑥 $40 = $3,200
Since the overhead costs are not included in direct cost of labor.
To get the overhead cost;
$3,200 𝑥 0.40 = $1280
To calculate Total Direct Costs.
We add $3,200 + $1280 = $𝟒, 𝟒𝟖𝟎
2. Mrs. Tolstoy and her husband, Serge, are planning their dream house. The lot for the
house sits high ...