Show:
SOURCES OF COSTS
TYPES OF COSTS
COST ESTIMATION
BUDGETS
MISC
100
A cost associated with hiring and paying personnel
What is LABOR COST?
100
A cost assigned to the object that generated it
What is a DIRECT COST?
100
A technique that sounds like you're going to see a baseball game
What is BALLPARK ESTIMATE?
100
The total budget number comes from Management
What is TOP-DOWN BUDGETING?
100
The comic strip used in the chapter 8 presentation
What is DILBERT?
200
A cost associated with specific supplies required to complete tasks
What are MATERIALS COSTS?
200
Indirect Costs involve this cost and SG&A
What is OVERHEAD?
200
A technique assuming historical data can be used to make current estimates on similar projects
What is a COMPARATIVE ESTIMATE?
200
This budget technique assigns costs at the task level first
What is BOTTOM-UP BUDGETING?
200
The number of different cost types covered in this chapter
What is EIGHT?
300
A cost associated with outsiders performing services
What are SUBCONTRACTOR (or SERVICE) COSTS?



300
A cost that is only incurred once
What is a NONRECURRING COST?
300
A comparative estimate that uses multipliers
What is PARAMETRIC ESTIMATING?
300
The acronym for this budget method is ABC
What is ACTIVITY-BASED COSTING?
300
The law that is always present and requires contingencies
What is MURPHY'S LAW?
400
A cost associated with renting machinery
What is EQUIPMENT COST?
400
A cost that does not vary with usage
What is a FIXED COST?
400
An estimate given when the design is complete
What is a DEFINITIVE ESTIMATE?
400
This budget allocates funds across the schedule when work is planned
What is a TIME-PHASED BUDGET?
400
The author of your textbook
Who is PINTO?
500
A cost associated with uncertainties
What is a CONTINGENCY COST?
500
A cost that is due to speeding up the project
What is EXPEDITED COST?
500
A technique that assumes labor gets more efficient over time
What is LEARNING CURVE ESTIMATION?
500
Most companies use some type of this budget
What is ABC?
500
The opening case study in chapter 8 of your textbook
What is the SOCHI OLYMPICS?