Analyse the significance of gearing and insolvency for project cost   2. Evaluate labour cost as a major project cost.

Q: Give me a model How Efficient is the Engineering Estimation Technique for Cost Estimation?

A: At whatever point we build up a product project, principle addresses that emerge to us is the amount…

Q: Discuss the importance of tracking actual and committed costs once a project has commenced.

A: The question is based on the concept of cost control and calculation of cost variance  project…

Q: Search about how technique is efficient Analysis at the account level to estimate cost.

A: technique is efficient Analysis at the account level to estimate cost.

Q: Cost estimation is the process of   a. Summarizing pwst costs into fixed variable components.…

A: Solution: Cost estimation is the process of "Estimating the relationship between costs and the costs…

Q: Which of the following represent the right process order for cost allocation: Select one: O a.…

A: Cost Allocation is the process of identifying and assigning costs to the various cost objects. These…

Q: Explain the Role of environmental costing in improving organisational performance

A: Environmental Costing is an important tool for understanding the role played by the Natural…

Q: In developing an ABC system, what is the last step? Identify the primary activities and estimate a…

A: The question is based on the concept of Cost Accounting.

Q: The relevant range of activity costing is: Select one: O a. Is the cost that causes change in total…

A: Under activity costing, indirect costs or overhead are allocated to products or jobs on the basis of…

Q: Choose the correct answer: The outcome of resource utilization divided by the amount of resources…

A: Manufacturing cycle efficiency helps to measure the percentage of time spent in product…

Q: 2) Which of the following is the type of cost calculated with a scientific and engineering approach…

A: A company will incur various costs to earn revenue. The costs can be either direct or indirect costs…

Q: 1.An activity that has a direct cause-effect relationship with the resources consumed is a(n) Group…

A: In activity based costing the cost are apportioned based on the respective cost drivers

Q: The budgeted cost for all activities in a project with the help of earned value method is defined…

A: Budgeted cost: It implies to the estimated cost that is computed based on the estimation including…

Q: Research and development activities may include (a) personnel costs, (b) materials and equipment…

A: Research and development cost: These are the cost that is incurred on the research for producing the…

Q: Which among the following alternative methods of costing is related to the best use of physical…

A: Since you have asked multiple questions, we will answer the first full question for you. Please…

Q: Describe issues in project cost estimating and how to deal with each.

A: in estimating the project cost there are a lot of difficulties faced while doing it. Some of them…

Q: 11. Explain what a sunk cost is, what an opportunity cost is, and how each cost should be handled…

A: A sunk cost is the cost that is already incurred and is not recoverable. This type of cost is not…

Q: Which of the following cost is until the completion of manut operations Select one: O a.…

A: Predetermined cost As the name suggests that predetermined costs are previously determined. Normal…

Q: Complete a locational cost–volume analysis graphically and mathematically

A: Locational cost volume analysis is way to find the volume of production at which the company break…

Q: Pre-determined costs are future costs which are ascertained in advance of production on the basis of…

A: Cost accounting is the accounting of the cost incurred during the accounting period. This helps the…

Q: Electirical costs to light the production facility, is it a indirect material or direct material?…

A: Direct material: Material which is used in manufacturing process and also inseparable from the…

Q: How are joint costs allocated? Explain and analyze using numerical example.

A: Joint Costs In business different costs are incurred in the production process, but in certain…

Q: What are two additional types of costs incurred to support any manufacturing project?

A: The manufacturing companies are the companies which deal in the production or change in the raw…

Q: For situations 1 trough 6, provide the following information: a. An estimate of the non-value-added…

A: Since you have posted a question with multiple sub parts, we will solve the first 3 sub parts for…

Q: Identify the output and input variables in both the bottom-up and top-down strategies to cost…

A: Bottom ups of the cost estimate are the most accurate cost estimation process wherein every minute…

Q: Describe the key steps of resource assignment and cost assembly via eTakoff and Sage Estimating.

A: Sage Estimating is an ERP tool that gives you the flexibility, speed, and accuracy to generate…

Q: Which one of the following reports is useful to the middle level

A: The correct answer for the multiple choice question and relevant explanation are presented hereunder…

Q: Do the engineering decisions account for the majority of product costs?

A: Yes, engineering decisions will account for the majority of the cost of the product. The main task…

Q: Cost Management is extremely important for running successful projects. With reference to this:…

A: Project Cost: It refers to the total funds that are required to complete a project.

Q: DOCUMENTATION DELIVERABLES ARE SOMETIMES SHOWN AS SEEPARATE COSTS   IN THE PROJECT COST ESTIMATE.…

A: Stock holders are need to evalute the deliverable documentation costs are treated as seperate costs.

Q: are measures of activities that require the use of resources and thereby cause costs Value Chain…

A: Solution: Cost drivers are measure of activities that requires the use of resources and thereby…

Q: Classify the following fixed costs as normally being either committed or discretionary:f. Management…

A: Cost:   It is the economic value of resources incurred by a firm to manufacture a product or render…

Q: The PERT is combined with cost data to produce a PERT cost analysis to a. calculate the total…

A: Cost analysis: It refers to the process of breaking down the total costs into various elements to…

Q: Discuss the role of Flow Cost Accounting in Environmental Cost Management. Cite examples if…

A: Flow cost accounting: Flow cost accounting is one of the environmental cost management tools that…

Q: Explain the Role of life cycle costing in improving organisational performance

A: Life cycle costing: It refers to the lifetime costs that is incurred on an item or an asset over its…

Q: Explain the impact of an increase in the level of activity (or cost driver) on (a) total fixed cost…

A:

Q: Identify and discuss the factors that affect the focus and practice of cost management.

A: The practice of managing and organizing the expenses associated with running a firm is known as cost…

Q: How would merging of two systems affect the costing of the new system including the impact on…

A: The act of distinguishing, investigating, , measuring, interpreting, and conveying the monetary data…

Q: Question 4 Good cost planning requires a basic understanding of how organizations account for…

A: Answer:- 4 Characterization of cost components:-  1. Materials:- The cost of the materials needed to…

Q: Define the term net realizable value, and explain how this concept can be used to allocate joint…

A:

Q: Compute for the joint cost allocated to Reta.

A: Joint costs are those costs that are incurred for two or more than two products simultaneously.…

Q: Why is target costing most effectively applied at the researchand development and production process…

A:

Q: Explain the strategic role of cost estimation.

A: Cost estimation: Cost estimation is a technique that assist the management for taking strategic…

Q: Explain the implementation problems in cost estimation.

A: Cost estimation: It is the development of a defined relationship between cost object and cost…