QRB 501 Week 2 Team Assignment, Equations and Percentage Cases
Chapter 5 Case Study 5-1, Chapter 6 Case Study 6-3
Question 1. Find the total square footage that requires painting for the bedroom and the living/dining room. And then ﬁnd the total square footage for the entire painting job assuming two coats of paint.
Question 2. One gallon of paint will cover 350 square feet and costs $35, and each surface will require two coats. Using your answer to question 1, determine the total number of gallons required and total cost for paint, by rounding up to the nearest gallon.
Question 3. Using a painting rate of 150 square feet per hour (including prep time), a labor rate of $20 per hour, and a desired proﬁt margin of 30% (or 0.3). Calculate the total labor cost, proﬁt margin, and ﬁnal bid price for this painting job—including the total paint cost from question 2.
Refer to the Chapter 6 Case Study 6-3. Answer the following questions.
qrb 501 week 2