What is the total project overhead for a project lasting 4 months with a superintendent's annual salary of $40,000?

Prepare for the Nevada Contractors Test with our interactive quiz. Ace your exam using customized flashcards and multiple choice questions, each enriched with hints and explanations. Get exam-ready today!

To determine the total project overhead related to the superintendent's salary for a project lasting 4 months, we first need to calculate the monthly salary based on the annual salary of $40,000.

The monthly salary can be derived by dividing the annual salary by 12 months, which results in approximately $3,333 per month ($40,000 / 12 = $3,333.33). Over the course of 4 months, the total salary attributed to the superintendent would be $3,333 multiplied by 4, resulting in about $13,333.

This figure falls within the range of $12,000 to $16,000, validating the choice as accurate. It reflects the necessary calculations for project overhead based on the time frame and salary provided, emphasizing the importance of correctly estimating labor costs for budgeting purposes in construction projects.

Understanding the proper calculation of project overhead is essential for effective project management and financial planning in the contracting industry.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy