Question: 5. a. Give a reason why minimum material content does not necessarily result in minimum cost. b. In the process of producing a cost estimate

a. Give a reason why minimum material content does not necessarily result in minimum cost.

b. In the process of producing a cost estimate for bidding purpose the contractor should identify the risks he is going to carry and give responses to deal with them. Give your views, as a contractor, on the possible responses to the following risks:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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

Students Have Also Explored These Related Project Management For Small Projects Questions!

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

1. Referencing the State of Kansas contract, you will find this is an IDIQ contract. Which other contract type could have been used for this contract? What are the pro and cons of the contract type...

1. Evaluate the often tried approach of adopting past solutions to similar problems encountered today? Is this a form of linear thinking or not? 2. Why is linear thinking dangerous? 3. Whether the...

For Question 1 read the questions then answer them first using IASB Concepctual Framework 2010 then answer them a second time using FASB?s Conceptual Framework statement. (QUESTION 1 HAS TO BE...

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

Question 2: The Robinson-Patman Act: (a) Forbids price reductions (b) Does not forbid discriminatory and preferential prices (c) Does not allow a firm to meet an equally low price (d) Applies to...

Responsibility Center Presentation Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have...

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

Due Sunday, 11/20: Problems from Zimmerman text: 2-11, 2-44, Case 2-3, 7-7, and 7-20 Chapter Two The Nature of Costs Chapter Outline A. Opportunity Costs 1. Characteristics of Opportunity Costs 2....

Let's say you can borrow at 10.20% per year compounded semi-annually (APR) or 8.88% per year (APR) compounded monthly. A. Calculate effective annual rates. (Do not round up intermediate calculations....

Based on the following Moody's bond ratings, which bond would commercial banks be prohibited from purchasing? Bond Grenier, Inc. Kendall Corp. Matfield, Inc. D-Lock Corp. Bond Credit Rating Baa Ba Aa...

Psychodynamic approach involves an in - depth and systemic investigation of a single person, group, or community. This is Select one: A . Aspengh of the approach B . A oiticinn of the approach C ....

The Book Peddler is a retail store that sells books, cards, business supplies, and novelties. The firm's cash receipts during June 2016 are shown below. The general ledger accounts used to record...