Want this question answered?
Revenue can be misstated by manipulating the Total Estimated Cost (or Estimate At Completion)
Revenue is calculated as a percent of the total contract revenue according to the percent of completion. The percent of completion as calculated as the incurred costs up to the end of the reporting period to the total estimated cost for the contract. Simply it is : Incurred costs up to date ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ X Total Contract Revenue Total Estimated cost
Average Cost Method: Under this method average cost is calculated by following farmula:Average cost of unit= Total cost of inventory / total number of units
Cost sheet is a statement, which shows various components of total cost of a product.It classifies and analyses the components of cost of a product. Previous periods data is given in the cost sheet for comparative study. It is a statement which shows per unit cost in addition to Total Cost. Selling price is ascertained with the help of cost sheet. The details of total cost presented in the form of a statement is termed as Cost sheet. Cost sheet is prepared on the basis of : 1. Historical Cost 2. Estimated Cost
Predetermined rate is overhead rate allocated to product cost to find out the full product cost and it is an estimated rate based on total expected overhead on normal capacity divided by some machine hours or direct labor hours etc.
estimated cost
Entertainment
Abusive Transactions
Eckert and Mauchly, in their original ENIAC proposal estimated the total cost at about $50,000. When the proposal was shown to Vanevar Bush (designer of the analog Differential Analyzer) he estimated total cost at about $500,000. Bush was right.
Total cost estimated in US currency is $306,000,000.
Find (i) the marginal and (2) the average cost functions for the following total cost function. Calculate them at Q = 4 and Q = 6.
Full-time Tuition & Fees: $7,906 Books: $1,080 Subtotal of Tuition and Books: $8,986 On Campus Housing Estimated Cost: $5,684 Estimated Meal Plan Cost: $ 4,258 Total Estimated Cost of everything on this list: $18,928
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
It was estimated at around 270 million US Dollars.
The total cost of repairing the damage was estimated at more than $100 billion.
It is a type of estimate of completion used in construction contracts. It is the ratio of costs incurred by a given date which is divided by the estimated total project cost.
Approximately 3hours 5mins total fuel cost Estimated fuel cost: €38.18£33.50