. A 100 cu.m. pit is to be excavated using a hydraulic excavator with a rate of 7.1 cu.m.per hour. The rental price of the hydraulic excavator is P12,600.00 per day. If the excavator isused 8 hours per day, determine the equipment cost to finish the excavation work.18-21. The material cost of a certain scope of work has a total of P250,500.00. Determine thenumber of days to finish the work if they are using 3 tools that has a rental price of P760.00per day each. Use (Labor Cost + Equipment Cost)/Material Cost = 30%WorkersSalary per dayP1050.00P650.00P480.00P320.00Project EngineerForeman2 Skilled Laborer3 Laborer

Given:Excavation volume: 100 cu.m.Excavator rate: 7.1 cu.m. per hourExcavator rental price per day:…

Answered: 18-21. The material cost of a certain…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

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18-21. The material cost of a certain scope of work has a total of P250,500.00. Determine the number of days to finish the work if they are using 3 tools that has a rental price of P760.00 per day each. Use (Labor Cost + Equipment Cost)/Material Cost = 30%