You work for a consulting engineering firm. Your boss walks…
You work for a consulting engineering firm. Your boss walks into your office and puts a project performance report on your desk and asks you to interpret the results. The report contains the following information, which represents the current status of the project: Raw Labor = $41,300 Fringe Benefits =$17,346 Travel to the project site for project work = $1,850 Subcontract costs = $1,100 Travel for corporate training = $500 Project-dedicated field trailer rent = $400 Electricity for field trailer = $175 Other indirect costs = $23,800 Total Client Revenue (also referred to as Gross Revenue) = $93,750 What is the fringe benefits cost in % relative to raw labor? What is the current Gross Margin (GM) in dollars? What is the current Net Margin (NM) in dollars? What is the current profit in % relative to Gross Revenue? Assume that NM = profit.