Exercise The following is known about the small construction company engaged in custom production: working hours available 3600 h/year fixed costs are estimated to be €30,000.00/year according to experience, variable overhead costs are 8% of the value of a working hour the company's management sets the company's profit target at €50,000.00/year The company receives a request for tender for a construction contract and determines the following information: Construction material for the contract €10,000.00 the cost of a working hour is €27.00/h the contract requires working hours of 100 h total work trips for the contract between the place of business and the construction site 200 km the mileage allowance charged to the customer is €0.70/km the rest of the 3,600 h annual capacity hours are used for other contracts to be sold a) Calculate the company's total margin and hourly margin Total margin Hourly rate b) Calculate the total price offer with value added tax for the construction contract based on the hourly margin principle. (24% tax)
Exercise The following is known about the small construction company engaged in custom production: working hours available 3600 h/year fixed costs are estimated to be €30,000.00/year according to experience, variable overhead costs are 8% of the value of a working hour the company's management sets the company's profit target at €50,000.00/year The company receives a request for tender for a construction contract and determines the following information: Construction material for the contract €10,000.00 the cost of a working hour is €27.00/h the contract requires working hours of 100 h total work trips for the contract between the place of business and the construction site 200 km the mileage allowance charged to the customer is €0.70/km the rest of the 3,600 h annual capacity hours are used for other contracts to be sold a) Calculate the company's total margin and hourly margin Total margin Hourly rate b) Calculate the total price offer with value added tax for the construction contract based on the hourly margin principle. (24% tax)
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
Related questions
Question
Do the task according to the given instructions. Show solutions.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 1 steps
Recommended textbooks for you
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning