Business, 08.03.2021 19:40, james8781

The operator of a rock quarry is invited to bid on furnishing 3,500 CY of aggregate for a job. The gravel is to be delivered to a job, which is 12 mi from the quarry. The aggregate will be loaded into trucks by a loader that can load at a rate of 80 cy/hr. The trucks will haul 12 cy/load and average 35 mi/hour loaded and 45 mi/hour empty. The estimated time to dump a load is 5 min. Assume 45 min/hr efficiency for the loading and hauling operation. The cost information for the job is:
Royalty paid for aggregate = $1.35/cy
Overhead = $0.75/cy
Profit = $1.20/cy
Loader = $85.00/hr
Operator = $32.00/hr
Trucks, each = $55.00/hr
Truck driver, each = $28.00/hr
Foremen = $35.00/hr

Required:
What should be the bid price per cubic yard?

Answers: 3

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The operator of a rock quarry is invited to bid on furnishing 3,500 CY of aggregate for a job. The g...