Describe the ideal approach for a project manager to develop optimal estimates for a project's time and costs.
Fill in the blank(s) with the appropriate word(s).
Answer will vary
The ideal approach is to allow enough time for both the top-down and bottom-up estimates to be worked out and included in the final plan.
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When the total variable costs are deducted from total mixed costs, we obtain ________.
A) mixed cost per unit B) variable cost per unit C) total high-low costs D) total fixed costs
The pre-tax cost of capital is higher than the after-tax cost of capital because
a. interest expense is deductible for tax purposes. b. principal payments on debt are deductible for tax purposes. c. the cost of capital is a deductible expense for tax purposes. d. dividend payments to stockholders are deductible for tax purposes.
During June, Cisco Company produced 12,000 chainsaw blades. The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard cost of $8 per pound. The actual cost was $7 per pound. The actual pounds of steel that Cisco purchased were 19,500 pounds. Calculate Cisco's materials usage variance
A) $10,500 U B) $12,000 F C) $12,000 U D) $10,500 F
On January 1, 2017, Real Planes Manufacturing Corporation purchased a machine for $40,000,000
The corporation expects to use the machine for 24,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $40,000. The corporation used the machine for 3,600 hours in 2017 and 5,000 hours in 2018. What is the book value of the machine at the end of year 2018 if the corporation uses double-declining-balance method of depreciation? (Round your intermediate calculations.) What will be an ideal response