Question

Twenty-thousand dollars was budgeted for the office renovation that had a task contingency multiplier of 1.3. The estimated cost of the task must be: About $26,000. About $15,400. About $22,800. About $18,600.

Answer 1

About $15,400

Step-by-step explanation:

Given that,

Amount of dollar budgeted for the office renovation = $20,000

Task contingency multiplier = 1.3

The estimated cost of the task is determined by dividing the amount of dollar budgeted to the task contingency multiplier.

Therefore, the estimated cost of the task must be:

= Amount of dollar budgeted ÷ Task contingency multiplier

= $20,000 ÷ 1.3

= $15,384.61

Hence, it is about $15,400.