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032 a. $12,500; the revised estimate for total project cost (based on performance thus far) b. $10,000; the revised estimate for total project cost (based on performance thus far) 4. What is the EAC for this project, and what does it represent? c. $12,500; the original project budget d. $10,000; the original project budget 5. You have now prepared your cost management plan so now you are preparing your project's cost estimate. You decided to use analogous estimating. Analogous estimating a. Supports top-down estimating b. Calculates costs based on project parameters c. Produces higher levels of accuracy d. Indicates a range of estimates 6. While cost estimates are the main output of the Estimate Costs process, not to be overlooked is a. Updates to the cost management plan b. Assumptions log c. Updates to the project schedule d. Cost baseline 7. You must consider direct costs, indirect costs, overhead costs, and general and administrative costs during cost estimating. An example of an indirect cost is a. Salary of the project manager b. Subcontractor expenses c. Materials used by the project d. Electricity a. The cost variance is due to the schedule variance b. The variance is favorable to the project c. The schedule variance can be easily corrected d. Labor rates have escalated since the project began