1. Why do we "estimate" when preparing a quote? [1] 2. For a typical cost estimating exercise, list, in chronological order, the following events: (FOR EXAMPLE: A-B-C-D-E-F-G) [2] B C Develop a methodology or plan for estimating, and a schedule for doing it. Prepare the estimating ground rules, assumptions and questions. Review inputs; then compile, organize and compute the estimate. Use the estimate. E F G Publish/present the estimate. Gather all labour, materials, and other direct and indirect data and costs. Define the work (product/service/process) to be done. 3. What is the difference between direct costs and indirect costs? [2] You have been asked to develop a cost estimate to design and continuously manufacture a new re-useable plastic injection molded food container. Give an example of: a. a one-time cost b. a recurring cost c. a variable cost