Compute the average hourly cost of a carpenter to a contractor.Assume the work is in a subsistence area and thedaily subsistence rate is $19.50. The carpenter works thesecond shift on a two-shift project where a project laborcontract establishes a “work 7 pay 8 hour” pay basis forstraight time. He works 6 days, 10 hours a day. In additionto time and a half for overtime Monday through Friday, thecontract calls for double time for all work on weekends.Use 6.2% FICA and 5.0% for unemployment insurance.Assume all data relating to the WC, PL, PD, fringes, andwage are as given in Table 16.5. TABLE 165 Building Craft Wiage and Insurance RatesApprentkesal$1,20VacationMbeCompensationuojaaAsbestos Wokesem$1.10$12 18007s$0.74$1. 10OS ES$18.70Boiermakers$1.50$2 10$1292S0.72Bdckla yers$1.10$0,16 prom. $ 7.10$0.7600 ISOE IS06' S$1. 10CapentersS18.90$11.3400'IS08'0SD00 Szos s$ 4.38$17.80suvpOpeming EngineersS60S18.70$1.50$ 0.14$0.20 admin. $11.22$1.8600'ISIron Workers$19.20$1.14$29.18OE'IS00'IS00'ES881Sorpa ot os$ 7.50$ 7.18$12.50SEOS068ISSI8.34OE ISOE ISJÁNOSSS034Ol'IS08' S969 $8L'OS$0.22$1.18OS'IS00'IS09s $ woxdzI OSSheet Metal$20.40$1.40$0.18 ind.$ 7.14$0.4100'IS800 SUemplaymert 5.0%Socdal Searity 769%%*Rates ar applied per S00 of pa y.S25.000V 50,000147 x hsic rae

FICA stands for Federal Insurance Contribution Act tax which is a federal payroll tax in the United…

Answered: TABLE 165 Building Craft Wiage and…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Compute the average hourly cost of a carpenter to a contractor.
Assume the work is in a subsistence area and the
daily subsistence rate is $19.50. The carpenter works the
second shift on a two-shift project where a project labor
contract establishes a “work 7 pay 8 hour” pay basis for
straight time. He works 6 days, 10 hours a day. In addition
to time and a half for overtime Monday through Friday, the
contract calls for double time for all work on weekends.
Use 6.2% FICA and 5.0% for unemployment insurance.
Assume all data relating to the WC, PL, PD, fringes, and
wage are as given in Table 16.5.

TABLE 165 Building Craft Wiage and Insurance Rates
Apprentke
sal
$1,20
Vacation
Mbe
Compensation
uojaa
Asbestos Wokes
em
$1.10
$12 18
007s
$0.74
$1. 10
OS ES
$18.70
Boiermakers
$1.50
$2 10
$1292
S0.72
Bdckla yers
$1.10
$0,16 prom. $ 7.10
$0.76
00 IS
OE IS
06' S
$1. 10
Capenters
S18.90
$11.34
00'IS
08'0S
D00 S
zos s
$ 4.38
$17.80
suvp
Opeming Engineers
S60
S18.70
$1.50
$ 0.14
$0.20 admin. $11.22
$1.86
00'IS
Iron Workers
$19.20
$1.14
$29.18
OE'IS
00'IS
00'ES
881S
orpa ot os
$ 7.50
$ 7.18
$12.50
SEOS
068IS
SI8.34
OE IS
OE IS
JÁNOSS
S034
Ol'IS
08' S
969 $
8L'OS
$0.22
$1.18
OS'IS
00'IS
09s $ woxdzI OS
Sheet Metal
$20.40
$1.40
$0.18 ind.
$ 7.14
$0.41
00'IS
800 S
Uemplaymert 5.0%
Socdal Searity 769%%
*Rates ar applied per S00 of pa y.
S25.000V 50,000147 x hsic rae

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