Question

Twain Services offers leadership training for local companies. It employs three levels of seminar leaders, based on experience, education, and management level being targeted: guru, mentor, and helper. When Twain bids on requests for seminars, it estimates the costs using a set of standardized billing rates. It then adds an estimate for travel, supplies, and so on (referred to as out-of-pocket costs). Next it applies a percentage to the total of seminar leader cost and out-of-pocket cost for general and administrative (G&A) expense. The estimates for each of these elements are shown below:

Guru cost (per hour)	$	650
Mentor cost (per hour)	$	350
Helper cost (per hour)	$	60
G&A factor		120	%

Required:

Marcus Foundries has asked Twain for a set of seminars for managers at several levels. The bidding manager at Twain estimates that the work will require 20 guru-hours, 155 mentor-hours, and 1,000 helper-hours. She estimates out-of-pocket costs to be $30,000. What is the estimated cost of the proposed seminars, based on these estimates?

Answer 1

Pgo Answoro * Estimated cost of the proposed seminars - Amount() $13,000 $54,250 $ 60,000 particulars Guru.cast (@ox.$.6.50) mentor..cast (155x $350.). helper.cost (1,000.x. $60). out of pocket cost LEstimated.consultant and miscellaneous.cast GE.d.casts (15825.0X120:):). . $ 30,000 $157,250 $188700 $3,45,950 Estimated costs