Determine the effective hourly cost, the total annual cost, and the labor burden markup for the Superintendent with the following wage and benefit information

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Given the following information, calculate the hourly cost and labor burden markup percentage of a project manager

Base Salary: 880.000 annually

Total Labor Burden: $ 22.000 annually worked hours per week: 40 worked weeks per year: 52

Paid Vacation: 2 weeks per year ($1.600 for.

the hourly cost and labor burden markup percentage of a project manager.

Answer - (A) $53.05 per hour. 40% labor burden markup.

The total cost formula combines the variable and fixed costs of product offerings into one sum. The formula is Total cost = (average fixed cost x average variable cost) x number of units produced.

The total annual cost is the sum of the normal cost and the additional annual cost.

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