Your sister who married an American businessman wants to build a rest house in the highlands of Bukidnon. You have consulted a construction firm to contract the said project and your brother-in-law wants the quotation price to be in US Dollars. Now, you have received the estimate of the construction cost for the 2,000-square foot house will be $150,000. The information below of each cost category already include labor, material and overhead costs, they have been divided by percentage break down. A. What is the cost per square foot of the 2,000 square feet house? Items % To the total cost Permits and fees 8 Access roads and site 15 preparation Foundation and 13 masonry Walls, flooring, carpentry Heating, cooling and ventilation Wiring, plumbing and 12 13 10 communication Roofing 12 Painting, finishing and furnishing 17 100

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
Please answer it with clean and complete solution. Thank you.
Your sister who married an American businessman wants to build a rest
house in the highlands of Bukidnon. You have consulted a construction
firm to contract the said project and your brother-in-law wants the
quotation price to be in US Dollars. Now, you have received the estimate
of the construction cost for the 2,000-square foot house will be
$150,000. The information below of each cost category already include
labor, material and overhead costs, they have been divided by percentage
break down. A. What is the cost per square foot of the 2,000 square feet
house?
Items
% To the total cost
Permits and fees
8
Access roads and site
15
preparation
Foundation and
13
masonry
Walls, flooring,
carpentry
Heating, cooling and
12
13
ventilation
Wiring, plumbing and
10
communication
Roofing
12
Painting, finishing and
furnishing
17
100
Transcribed Image Text:Your sister who married an American businessman wants to build a rest house in the highlands of Bukidnon. You have consulted a construction firm to contract the said project and your brother-in-law wants the quotation price to be in US Dollars. Now, you have received the estimate of the construction cost for the 2,000-square foot house will be $150,000. The information below of each cost category already include labor, material and overhead costs, they have been divided by percentage break down. A. What is the cost per square foot of the 2,000 square feet house? Items % To the total cost Permits and fees 8 Access roads and site 15 preparation Foundation and 13 masonry Walls, flooring, carpentry Heating, cooling and 12 13 ventilation Wiring, plumbing and 10 communication Roofing 12 Painting, finishing and furnishing 17 100
B. You are also considering to expand the floor area to 4,000 square feet,
estimate the construction costs if: i. All costs in the table change
proportionately to the size increase.
Transcribed Image Text:B. You are also considering to expand the floor area to 4,000 square feet, estimate the construction costs if: i. All costs in the table change proportionately to the size increase.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.