What is the labor budget for a project lasting six weeks with the following staffing?
• Principal ($200 per hour, two hours per week, six weeks)
• Professional Surveyor ($125 per hour, 20 hours per week, six weeks)
• Field Crew ($100 per hour, 40 hours per week, four weeks)
• Administrative Support ($25 per hour, 20 hours per week, six weeks)
Explanation
Answer: C - The labor budget for the project lasting six weeks is $36,400.
Solution
Labor Budget is equal to the sum of (staff member hourly rate x hours per week x # of weeks)
Principal: ($200/hour)(two hours/week)(six weeks) = $ 2,400
Professional Surveyor: ($125/hour)(20 hours/week)(six weeks) = $ 15,000
Field Crew: ($100/hour)(40 hours/week)(four weeks) = $ 16,000
Administrative Support : ($25/hour)(20 hours/week)(six weeks) = $ 3,000
Total labor budget = $2,400 + 15,000 + 16,000 + 3,000 = $36,400
