Cost Estimation
Quiz by Anbu Mooc
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5 questions
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- Q1Direct material costs is the cost of those materials which become a part of final product.FalseTrue20s
- Q2The act of estimating cost or time by the application of mathematical formulas isParametric EstimatingNone of the aboveComputer EstimatingStatistical Estimating20s
- Q3Job costing is concerned with finding the cost of each individual job or contractTrueFalse20s
- Q4Example for Unit cost method isoil refining, chemical, paper, cement, paint industriesMines, Quarriessteel, automobile industriesTransport, Water supply, Electricity20s
- Q5__________ is the time required for setting and fixing the jobs and tools on the machineOperation TimeSet up TimeTear Down TimeMiscellaneous Allowances20s