Mathematics, 16.06.2020 22:57 taylorb9893
When estimating a job to bid, a contractor’s estimator first determines the actual cost of labor using the function
L(h) = 28.75h, where h is the number of estimated hours it will take to complete the job. Next, the estimator adds the labor burden, which accounts for taxes and insurance, using the function B(L) = 1.78L. Finally, the estimator calculates the selling price, including the markup for overhead and profit, using the function M(B) = 1.43B.
Which composite function can be used to find the selling price for the labor portion of a bid based on the estimated number of hours?
M(B(h)) = 73.18025h
M(B(h)) = 51.175h
M(B(h)) = 31.96h
M(B(h)) = 30.53h
Answers: 3
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When estimating a job to bid, a contractor’s estimator first determines the actual cost of labor usi...
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