Question: Explain the assumptions used in cost estimation.

Explain the assumptions used in cost estimation.

Step by Step Solution

★★★★★

3.48 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Project cost estimated is usually performed by summing estimates for ind... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

249-B-M-L-P (276).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Q:

Explain three different cost flow assumptions that can be used to measure cost of sales. Which alternative will always result in the highest net income when prices are rising?

Q:

Explain why difference estimation is commonly used by auditors.

Q:

Explain the cost estimation problem caused by allocated and discretionary costs.

Q:

only need the answe question 2 Q2 explain three approached used for cost estimation Question 3 Not yet answered Marked out of 19.00 Question 3 At ABC Ltd. machine hours is the most suitable cost...

Q:

Threaded Discussion: The answer must be a paragraph that has 6 sentences or more per question. Not a paper. Place answer and citation /references under eachquestion. And no plagiarism please. 1)What...

Q:

Describe the two assumptions used in cost estimation behavior. Give an example of one of the assumptions.

Q:

What are the two assumptions used in cost estimation behavior? Examples?

Q:

at ABC Ltd machine hours is the most suitable cost driver for the utility cost. The senior manager of ABC Ltd would like yo provide an estimate of the firm's ultilities cost using the high-low...

Q:

MAKE THE GIVEN BALANCE SHEET INTO THE FORMAT GIVEN IN THE NEXT PICTURE ORIGNAL BALANCE SHEET. notes to financial statement: ORIGNAL BALANCE SHEET ORIGNAL INCOME STATEMENT NEED TO BE CONVERTED IN THIS...

Q:

Objective: Define the project's purpose and scope. Deliverable: Project Charter in Microsoft Project. Upload the Microsoft Project file and report. In a separate Word document, answer the following:...

Q:

a) Use the delta method to derive the asymptotic variance expression below Avar(bar()_MLE) = 1/nv_1 [ (_2 (V_2)^2)/ 4c^4 + (_3 V_2)/ c^2 + _4 - (_2)^2 ] b) Using the definition F^-(1) (t) = inf{ y:...

Q:

(a) Blitz Beer has allotted $10,000 for radio advertising in Gotham City and must determine the placement of spot advertisements that will maximize increased sales. Top-40 stations attract a heavier...

Q:

2.45 Nobel Laureates The table gives information on Nobel laureates affiliated with the University of Cambridge, United Kingdom. Sketch an appropriate graph of the distribution, and comment on its...

Q:

What is cost of goods sold (COGS)?

Q:

Define and give an example of business analytics. Why is this technique becoming so widely used in organizations today?

Q:

Give a hypothetical example where Company A buys Company B for a 15.0% premium.

Q:

Give a hypothetical example where Company A buys Company B for a 15.0% discount.

Q:

1. Suppose you buy an asset for $1,000,000. If it costs $100,000 for shipping and installation, how much is your investment outlay? 2. Suppose you buy an asset for $100,000 that is depreciated for...

Q:

A German physician, Carl Wunderlich, measured temperatures from about 25,000 people in the mid 1800s and found that the average was 37 degrees Celsius. There is some evidence that the mean body...

Q:

Need help with c - i please What is its current stock price? What is the stock's expected value 1 year from now? What are the expected dividend yield, capital gains yield, and total return during the...