Questions
In this you will be answering question on the following topics: Cost Management: Planning the cost...

In this you will be answering question on the following topics:

  • Cost Management: Planning the cost of projects
  • Estimating costs
  • Determining a budget
  • Cost controls

Question 1

What is a fixed cost and a variable cost?

  1. Define each
  2. Give an example of each at a cookie factory
  3. Give a pro and a con of each: a fixed cost and a variable cost.

Answers need to be full sentences

Question 2

What is Analogous Estimating and Parametric Estimating and Bottom up Estimating?

  1. Define each
  2. You are thinking about opening a cookie cookie factory. Give an example of how you might do Analogous Estimating and Parametric Estimating and Bottom up Estimating
  3. Give a pro and a con of each: Analogous Estimating and Parametric Estimating and Bottom up Estimating

Answers need to be full sentences. I recommend looking up each term online for better definitions and examples. Do not copy out of the book or from the internet. Please use your own word.  

In: Accounting

4-2.What is the difference between a sunk cost and a differential cost?

4-2.What is the difference between a sunk cost and a differential cost?

In: Accounting

Differentiate between a direct cost and an indirect cost of a segment. What happens to these...

Differentiate between a direct cost and an indirect cost of a segment. What happens to these categories if the segment to which they are related is eliminated?

In: Accounting

Hello, I need an Implicit cost and Explicit cost introduction and outline

Hello,

I need an Implicit cost and Explicit cost introduction and outline

In: Economics

Simply put, interest is the cost of money. However, in the corporate world the cost of...

Simply put, interest is the cost of money. However, in the corporate world the cost of money is anything but simple. Many factors determine the interest rate for a given situation. Discuss the various determinants of interest rates. What are the primary determinants of today’s corporate interest rates? What factors might cause today’s rates to change significantly? What is your outlook on the future of interest rates?

In: Economics

What is the difference between the accounting treatment for a period cost and a product cost?...

What is the difference between the accounting treatment for a period cost and a product cost? What is the difference between "Cost of Goods Manufactured" and "Cost of Goods Sold"? What is the difference between actual factory overhead (ch. 18 - debit to WIP Inventory) and applied/allocated factory overhead (ch. 19 - debit to WIP Inventory).

In: Accounting

The most obvious cost in a capital budget is the actual cost of the capital expenditure...

The most obvious cost in a capital budget is the actual cost of the capital expenditure item. We must also consider other costs that will be incurred when we make the capital expenditure (purchase). These costs are important to include because they can be the difference between a successful implementation of the capital expenditure item and staying on budget. After reviewing the textbook readings, provide an example of a healthcare capital expenditure. Explain the rationale behind the purpose of a capital expenditure budget. In addition, include two other cost considerations and explain their inclusion in your capital budget plan. For example, if you are installing an Electronic Medical Records (EMR), you must include future cost for maintenance, software updates, new computers, etc. These are the hidden costs of operation often not considered in a capital budget.

In: Finance

Cost is a big issue with every company, and changing the technology is the biggest cost...

Cost is a big issue with every company, and changing the technology is the biggest cost for most companies, how companies were able to cope with this problem and maintain the level of profit in a very competitive market?

In: Economics

Describe job cost flows and determine the cost of jobs. please explain

Describe job cost flows and determine the cost of jobs. please explain

In: Accounting

Write a program that will calculate the cost of installing fiber optic cable at a cost...

Write a program that will calculate the cost of installing fiber optic cable at a cost of .87 per ft for a company. Your program should display the company name and the total cost.

  1. Display a welcome message for your program.
  2. Get the company name from the user
  3. Get the number of feet of fiber optic to be installed from the user
  4. Multiply the total cost as the number of feet times .87.
  5. Display the calculated information and company name.

In: Computer Science