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A project manager is calculating the budget cost of a single project task called "Server Configuration".
This task isestimated to last 8 weeks and requires the full-time services of two software consultants, both for the entire duration of the task.
One consultant commands an inclusive rate of $400/day and the other $40/hour based on an eight hour day. Fixed hardware costs of $12,000 have also been estimated for the task.
Calculate the total budget cost for the task (ignoring any other resources or costs) - assuming a five day working week.
Give your answer as a whole number.
The total cost is$ .
Suggested Answer: A
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29 comments · newest first
JE
Jesus
3 months ago
I think the total cost is $40,000. $32,000 for consultants and $12,000 for hardware.
FE
Felix
4 months ago
Don't forget the hardware cost! $12,000 is fixed.
CE
Ceola
4 months ago
Right! 8 weeks, 5 days a week. That's 40 days total.
PA
Page
4 months ago
This question is tricky! Need to calculate both consultants' costs.
LY
Lynsey
6 months ago
I don’t know, this seems off. Are we missing any hidden costs?
ER
Eric
6 months ago
So, that's $32,000 plus $12,000 for hardware, right?
LA
Lavonna
6 months ago
Wait, are we sure about the hourly rate? Seems low for a consultant.
ZO
Zona
6 months ago
Totally agree, that hardware cost is a big chunk too!
TH
Thaddeus
6 months ago
The consultant rates add up to $4,000 for one and $16,000 for the other.
LY
Lyndia
6 months ago
Haha, $64,000 for "Server Configuration"? That's one expensive server!
AL
Allene
7 months ago
$64,000 is the total budget cost. Gotta love those fixed hardware costs!
VI
Vi
7 months ago
$64,000 is the correct answer. I double-checked the math.
TO
Tomas
7 months ago
$64,000 seems about right. Those consultants must be pretty fancy.
AL
Alida
7 months ago
$64,000 - That's a lot of dough for just 8 weeks of work!
GE
Genevieve
7 months ago
I believe the first consultant's cost is straightforward, but I’m not clear if I should multiply the second consultant's hourly rate by the total hours worked or just the daily rate.
JE
Jessenia
7 months ago
I’m a bit confused about how to handle the fixed hardware costs. Do we just add that to the total after calculating the consultants' fees?
ME
Meghan
8 months ago
I practiced a similar question where we had to calculate costs based on different rates, so I think we just need to sum everything up after finding the total for each consultant.
HO
Horace
8 months ago
I think I remember that we need to calculate the daily cost for both consultants first, but I'm not sure how to convert the hourly rate for the second one.
AG
Agustin
9 months ago
Wait, I'm still not sure I understand how to calculate the total cost. Can someone walk me through it step-by-step? I want to make sure I have the right approach before submitting my answer.
CL
Clarinda
9 months ago
Okay, I'm pretty confident I can solve this. Let me just double-check the math... Yep, I think Helaine has the right approach. This seems straightforward enough.
HE
Helaine
9 months ago
I think I've got this. For the first consultant at $400/day, the total cost is 40 days x $400 = $16,000. For the second consultant at $40/hour and 8 hours/day, the total cost is 40 days x 8 hours/day x $40/hour = $12,800. Add the $12,000 hardware costs and the total budget cost is $40,800.
DA
Daisy
9 months ago
Hmm, I'm a bit confused. Do we need to convert the hourly rate to a daily rate for the second consultant? And how do we factor in the full-time requirement for both consultants?
YO
Yoko
9 months ago
Okay, let's break this down step-by-step. We have two consultants, one at $400/day and the other at $40/hour. The task is 8 weeks long, with a 5-day work week, so that's 40 days total. We need to calculate the cost for each consultant and add the fixed hardware costs.
BA
Barney
2 months ago
Yes, total cost will be $40,800.
JA
Jacklyn
3 months ago
Adding the hardware costs of $12,000, right?
EN
Ena
3 months ago
So, $320 per day for 40 days is $12,800.
IO
Iola
3 months ago
Now for the second consultant. $40 per hour for 8 hours a day, that's $320 per day.
BA
Barney
3 months ago
That's $16,000 for the first consultant.
JA
Jacklyn
3 months ago
Let's start with the first consultant. $400 per day for 40 days.