Twain Services offers leadership training for local companies. It employs three levels of seminar leaders, based on experience, education, and management level being targeted: guru, mentor, and helper. When Twain bids on requests for seminars, it estimates the costs using a set of standardized billing rates. It then adds an estimate for travel, supplies, and so on (referred to as out-of-pocket costs). Next it applies a percentage to the total of seminar leader cost and out-of-pocket cost for general and administrative (G&A) expense. The estimates for each of these elements are shown as follows.
Guru cost (per hour) $ 800
Mentor cost (per hour) $ 500
Helper cost (per hour) $ 75
G&A factor 150 %
Required:
1. Marcus Foundries has asked Twain for a set of seminars for managers at several levels. The bidding manager at Twain estimates that the work will require 35 guru-hours, 170 mentor-hours, and 500 helper-hours. She estimates out-of-pocket costs to be $33,000. What is the estimated cost of the proposed seminars, based on these estimates?
a. GURU COST?
b. MENTOR COST?
c. HELPER COST?
d. OUT OF POCKET COST?
e. ESTIMATED CONSULTANT AND MISC COST?
f. G&A COST?
g. ESTIMATED COST?