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Cost Estimation

Quiz by Anbu Mooc

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5 questions
Show answers
  • Q1
    Direct material costs is the cost of those materials which become a part of final product.
    False
    True
    20s
  • Q2
    The act of estimating cost or time by the application of mathematical formulas is
    Parametric Estimating
    None of the above
    Computer Estimating
    Statistical Estimating
    20s
  • Q3
    Job costing is concerned with finding the cost of each individual job or contract
    True
    False
    20s
  • Q4
    Example for Unit cost method is
    oil refining, chemical, paper, cement, paint industries
    Mines, Quarries
    steel, automobile industries
    Transport, Water supply, Electricity
    20s
  • Q5
    __________ is the time required for setting and fixing the jobs and tools on the machine
    Operation Time
    Set up Time
    Tear Down Time
    Miscellaneous Allowances
    20s

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