4-2 Assignment

QSO 320 Module Four Assignment Guidelines and Rubric

Overview: For this assignment, you will continue to build on your Labor Hours spreadsheet to examine the actual costs of a business project. Prompt: Using the Labor Hours spreadsheet, expand the table in the Data tab to capture the actual cost of this project by performing the following steps:

1. Total the complete labor cost.

a) Add a column that totals the labor for each employee, given the added criteria. (See the last two bullets in the scenario box below.) b) Total the complete labor cost.

2. Think about what additional costs would contribute to the overall cost of the project.

a) Below is a list to consider. Add additional columns to capture these costs. (Note: Not all of these should be included; read each bullet carefully.) i. The project is located 30 miles from the office, and the company pays the employees .54¢ per mile to travel to the worksite and back. ii. You are using $1,000 in materials left over from another project.

iii. Because the worksite is in a remote location, a portable office with restrooms had to be leased at a cost of $300 per day. iv. At the cost of $350 per employee, the company provides all employees with uniforms and safety equipment. This equipment is replaced

on a yearly basis. v. The company pays for a $60 food platter to be delivered to the site every day to feed all of the workers. vi. Fuel to run the generator in the portable office costs $10 per day and is included in the lease agreement.

vii. A security service had to be contracted by the company to safeguard the worksite 24 hours a day at the cost of $720 per day. b) Total the entire project cost.

3. Create a new tab titled Actual. Provide a summary statement that recommends reducing costs without lowering labor rates.

Scenario

You are examining labor costs for a construction project using eight employees:

 The eight employees’ names are: Smith, Rodriquez, Daniel, Eli, Lee, Kim, Buster, and Green.

 Each employee worked eight hours a day for five days.

 The employees’ wages per hour are as follows: o Smith: $8.95 o Rodriguez: $11 o Daniel: $14 o Eli: $16 o Lee: $19

o Kim: $20 o Buster: $25 o Green: $40

 Green, Kim, Eli, and Lee are full-time employees, and the others are contract employees.  The cost of overhead per hour for a full-time employee is 40% of their hourly rate.

 The cost of overhead per hour for a contract employee is 20% of their hourly rate.

Rubric

Guidelines for Submission: Your assignment must be submitted as the same Microsoft Excel document you used for the Module One and Two assignments. Use 11-point Calibri font.

Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value

Labor Calculations Sets up the spreadsheet correctly and performs calculations correctly

Sets up the spreadsheet and performs the calculations, but errors are present

Does not set up the spreadsheet or perform calculations

20

Additional Costs Chooses the correct additional costs and calculates the total cost correctly

Chooses incorrect additional costs, resulting in the incorrect total cost or chooses the correct additional costs but does not calculate the total cost correctly

Does not choose additional costs or calculate the total cost

40

Summary Recommendation Provides a summary with sound reasoning

Provides a summary but does not provide sound reasoning behind the summary

Does not provide a summary 40

Total 100%