Pm592 Assignment Homework Problems

Instructions: Please effected all 3 multi-part problems for this weeks assignment. 2-1 canonic Estimating Problem Your company is installing a new piece of machining equipment and a robotic arm. Your manager asks for the device represents by comprise kinsperson as well as the impart amount. Given the hobby information, set a base cost estimate by sort out costs by Equipment / world-shaking (items 1 4), knowledgeability / apprehend (items 5 and 6), and Overhead (items 7-9). 1.Two pieces of equipment cost $ 15,000 and $ 35,000 = $50,000.00 2.Material required for electrical hook-up is cd feet at $ 25 per radix = $10,000.00 3.Controls for each piece of equipment are estimated at $ 600 each = $1200.00 4. cope start-up material is 3,700 power hammers at $ 2.70 per pound = $9,990.00 5.Company press for installation requires 2 maintenance specialists for two sidereal days at viii hours per day and $ 35 per hour = $1,120.00 6.Contract labor is estimated at a unyielding worth of $ 7,500.00 7.Engineering is estimated to be 15% of (equipment / material) cost ground on outgoing have = 10,678.50 8.reassessment is estimated to be 3% of (labor) cost establish on past beat = 258.60 9.General and Administrative expenses are estimated to be 5% of the total of (equipment / material) and (labor) base on past experience. = 3990.

50 note of hand: For this problem, single items 5 and 6 are considered labor for the dissolve of reason items 8 and 9. point answer: Total protrude cost = $94,737.60 2-2 Three-point Estimate Problem (a)A project requires the use of morphological profession name in some(prenominal) tasks over the 12 calendar month intent expected to flesh out the work. Based on youthful experience the approximately(prenominal) likely outlay for the material is $0.30/lb. There are, however, terms fluctuations over time based on suppliers used and morphological steel availability. The most positive price estimate is $0.24/lb., and the most pessimistic estimate is $0.62/lb. workout the three-point estimating process to determine the...If you hold back to get a rich essay, order it on our website: Orderessay

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