Baseline costs typically include labor, equipment, materials and direct overhead cost.
Answer the following statement true (T) or false (F)
False
The baseline (PV) is the sum of the cost accounts, and each cost account is the sum of the work packages in the cost account. Three direct costs are typically included in baselines-labor, equipment, and materials.
You might also like to view...
A story containing symbolic elements that express the shared emotions and ideals of a culture is called a ________
A) norm B) ritual C) myth D) more
Paul is driving a truck delivering goods for his partnership when he negligently backs into a customer's new car. The customer sues the partnership and recovers $11,000 in damages. What liability do the other partners have for Paul's actions?
a. No liability. b. Liability based on their capital contributions. c. Individual liability but not joint liability. d. Joint and several liability.
Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 ?When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.?The amount shown for total expenses in the planning budget for November would have been closest to:
A. $139,400 B. $146,200 C. $147,000 D. $127,335
The particular processes that an analyst will follow to help ensure that his work is complete, well done, and understood by project team members best defines:
A) techniques. B) tools. C) methodologies. D) data flows. E) flow charts.