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Financial Plan Assignment

Essay by   •  August 19, 2012  •  Coursework  •  799 Words (4 Pages)  •  1,517 Views

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Financial Plan Assignment

1.

Material:

1. Equipment A: $ 15,000

Equipment B: $ 35,000

2. Material required for electrical hook-up (400 *25) : $10000

3. Controls 600*2: $ 1200

4. Required start-up material 3700*2.70 : $ 9990

Total Material $71190

Labor:

5. Company labor for installation (2*16*35): $ 1120

6. Contract labor: $ 7,500

Total Labor $ 8620

Overhead:

7. Engineering (71190*0.15): $10678.5

8. Inspection (8620*0.03): $258.6

9. General and Administrative (71190+8620)*0.05: $3990.5

Total overhead $ 14604.60

Total project cost = $94,737.60

2.

a) Pexp = (Popt + 4 x Pmost + Ppess) / 6

Pexp = (0.24 + (4 x 0.30) + 0.62) / 6

Pexp = $0.34/lb

(b) Expected Amount

Pexp = (Popt + 4 x Pmost + Ppess) / 6

Pexp = (37 + (4 x 40) + 49) / 6 = 41 tons.

c) The expected cost for structural steel over the life of the project

$0.34* (41*2000) lbs.= 27880 lbs.

d) The expected cost for structural steel over the life of the project

Expected cost:

$10.17/lb. x 5,170 lbs. = $52,578.90

Most optimistic cost:

$0.24* (37*2000) lbs. =$ 17760

Most pessimistic cost:

$0.62*(49*2000) lbs. =$ 60760

The final estimated cost for the material is:

($17760 + (4 x $27880) + $60760)) / 6 = $31673

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