6 Unit Costs Question 1: Define the following terms: 1. Direct cost 2. Overhead 3. Cost driver Question 2: Categorize the following as direct cost or overhead. Substantiate your answer: 1. A laborer works 5 hours on the assembly of a product 2. Human resources provides training to new employees 3. Engineers design a modification for a line of calculators produced by the company to speed up performance 4. Engineers work on a design modification for a building that is under construction 5. The maintenance department performs periodic preventative maintenance on: a. General use equipment b. A spaghetti production line c. A single use, custom designed machine used for the construction of a bridge Question 3: Use publicly available sources to estimate the national, and where possible Virginia, labor rates for the following occupations: 1. An entry level systems engineer 2. An well experienced systems engineer 3. An executive in charge of an engineering division in a large company 4. A business or management analyst working in a consulting firm 5. A trained welder 6. An experienced engineering Project Manger Question 4: Assuming a standard 40-hour work week, estimate the yearly hours for the following scenarios: 1. The maximum