MM255 Unit 2 Assignment_Cost Estimates in a Service-Oriented Business
MM255 Unit 2 Assignment_Cost Estimates in a Service-Oriented Business
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Date Created: 11/14/15
Cost Estimates in 1 Unit 2 Equations Project You must show your work on all problems You may type your answer right into this document Total points for project 45 points Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 1 All Projects are due by Tuesday at 1159 PM ET of the assigned Unit NOTE Project problems should not be posted to the Discussion threads Questions on the project problems should be addressed to the instructor by sending an email or by attending office hours Part I Basic Computations 1 A discount store sold plastic cups for 325 each and ceramic cups for 450 each a If 500 cups were sold for a total of 2090 how many cups of each type were sold 5 points Answer pc500 325p450c20909p500c9325500c 45020909 1625325c45020909125c4659c372 so p3725009p128 Check 3721285009500500 Yes b What was the dollar value of each type of cup sold 5 points Answer 325128416 of Plastic cups 4503721674 of Ceramic cups 2 LaToya Smith is a buyer for a large manufacturing company She can purchase 200 pounds of chemicals for 95 She can also purchase mixing vats for 400 each Sales tax on all products is 6 of the total cost of the order Shipping costs for her order will be a at 30 a At this same rate how much would 4000 pounds of chemicals cost 5 points Answer 400020020 20951900 b This month she doesn t know yet how many mixing vats she will need to order Let y number of mixing vats required Write an equation using y that she can use to determine the total amount of her Cost Estimates in 2 order 5 points Answer 61900 400y 30Total cost amount Part II Case Study 3 Campus Painters offers housepainting services by hiring college students to paint during their breaks between semesters John started the business when he was in college and now he owns and manages the small serviceoriented business by providing price quotes hiring student painters purchasing supplies and advertising their services He currently employs 12 painters and pays them 950 per hour for painting and quotprepwork scraping old paint caulking cleaning and removing bugs from the areas that are to be painted In order to be pro table John has learned to provide superior service to his customers including free price quotes He builds in his pro t margin of 25 to all quotes by rst computing his total costs then adding 25 of that number to determine how much to charge the customer Using his knowledge of the expenses for labor supplies and equipment he has developed the following information 1 gallon of paint will cover approximately 400 square feet For every 2 gallons of paint for a wall you need 1 gallon of paint for the trim John has a deal with the local paint store and can get any paint he wants for 25 per gallon Note John cannot purchase 12 a gallon of paint Every job requires 5 tubes of caulk 250 each and 5 clean paint brushes 5 each John nds that a painter can apply a gallon of paint in about 8 hours a 5 points Martin just nished working on a job in which he spent 7 hours on Monday doing prepwork and 85 hours on Tuesday and Wednesday painting How much money does John owe him Answer Assuming 85 hrs on both Tuesday and Wednesday 7858525hrs 9502523750 owed to Martin b 5 points The Marks family needs to get the outside of their house painted including the siding as well as the white trim John estimates that area of the exterior of the house is about 6000 square feet Based on the condition of the Marks house he also estimates that he will need 2 workers for 8 hours to do the prep work How much should John quote for the cost of this job including labor supplies and pro t Answer 6000400 15galons for wallsiding quot For every 2 Cost Estimates in 3 gallons of paint for a wall you need 1 gallon of paint for the trimquot therefore 15 gallons of wall needs 75 gallons for trim8 because no 12 gallons923 gallons total 923gl25gl575 cost of paint 2 workers doing prep work in 8 hr5929508916950152 pay to prep 225gl8hr184 hrs to paint total 184hr9501748 pay to paint Equipment95250553750 equipment cost 9 So 5751521748375025125025251250 314063 John should quote for the cost of this job 5 points Write a formula re ecting the price estimate for a house based on the number of square feet that need to be painted Assume thatJohn can accurately estimate the painted area in square feet and the amount of time it takes to complete the prep work on a job Answer Price Estimate 125qu40025 5250 55 950Prep hrs 9508qu400 10 points What do you think Using the evidence from above explain in a wellstructured essay the importance of accurate cost estimates in a serviceoriented business such as this Research at least one other serviceoriented business such as a restaurant dry cleaners housecleaning service and describe how they set their prices Be sure to describe the information that is used to prepare the estimate using a real example Answer on next page Requirements Write your essay in this document do not save it in a separate le You must clearly state your position with wellstructured paragraphs using proper grammar spelling and sentence structure This is not an opinion question you must offer evidence to support your position using properlycited sources Your answer must be between 150250 words about 1 page of text You must cite at least one source book website periodical using APA format Do not use unreliable sources such as Wikipedia and Yahoo Answers Cost Estimates in 4 I was not able to set up APA format on the doc of the homework so I did the essay then copied and pasted the homework on top of the essay on the doc that I did the essay Cost Estimates in 5 Cost Estimates in a ServiceOriented Business Portable On Demand Storage offers service to over 200 million people in more than 20000 cities in 58 states provinces and territories throughout the United States Canada and Australia Portable On Demand Storage PODS nd expression 1 Though their name implies mobility of storage though true that is not the only option to take advantage with their services PODS services provide to businesses and government but mostly to residential customers What PODS is able to give quotes to would be the approximation of standard size houses with typically expected furniture and the appropriate size container or containers to satisfy the capacity Customers have the option of getting a quote through a website or live phone conversation It is very important to quote the cost of each customer s situation accordingly as it is significantly equivalent to the convenience of the provided service A misunderstanding by customer or representative could mean substantial consequences that can lead to drawn out days of rectifying any unsatisfying circumstances When a customer is looking for a quote it should competitive but it should be understood that as a service is rendered a reasonable fee should be expected to be paid A quote should be attained from as much accurate information as possible related to the service This leaves very little or no room for guessing With a decent quote that can be explained if required to show what money goes into each part of a service will give a better chance to have a returning and referring customer Cost Estimates in 6 Reference Portable On Demand Storage nd Servicing over 20000 locations Retrieved October 11 2010 from WWWpodscom
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