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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

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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $900 Mentor cost (per hour). . . . . . . . . . . . . . . . . . . . . . . . . . . . $375 Helper cost (per hour). . . . . . . . . . . . . . . . . . . . . . . . . . . . $100 G&A factor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60% 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 10 guru-hours, 125 mentor hours, and 150 helper-hours. She estimates out-of-pocket costs to be $25,000. What is the estimated cost of the proposed seminars, based on these estimates?

Jun 19 2020 View more View Less

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