37 _

Using historical data to estimate a project cost is :

a.

Ballpark estimates.

b.

Comparative estimates.

c.

Definitive estimates.

d.

Feasibility estimates.

38 _

A project manager is paid $60/hour and will be needed for 48 hours. The projects over head is 50% how much do they pay this project manager

a.

$3,880.

b.

$2880.

c.

$4,320.

d.

$1,250.

39 _

Activity-based costing and bottom-up budgeting share the step of:

a.

Tending to overestimate project costs due to the lack of involvement by top management.

b.

Identifying activities that consume resources and assigning costs to them.

c.

Assigning costs to projects by multiplying the cost driver rate times the volume of units.

d.

Identifying cost drivers associated with each activity.

40 _

An expedited cost is one that varies with respect to their usage.

a.

False

b.

True

41_

This is a variable cost :

a.

Salaries of Management Staff .

b.

Construction Materials.

c.

Health insurance.

d.

Capital equipment.