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Briefly explain why a small engineering companies might use job costing as a preferred method for some of their projects or products?
Job costing: the flow of all costs (direct labor, materials, overhead, etc) are based on the overall job at a given point in time. Process costing: the flow of all costs are based on the various processes and their % complete at a given point in time. Siince engineeering firms are normally project driven (and the project is just one long process) it makes sense to track costs vs. expenses on an hourly basis. Process costing makes better sense for a manufacturing company where there might be several processes from diifferent cost centers (Materials, manufacturing, supply chain, etc) and each are critical to the product's quality and profitability. Some might say that a project is based upon multiple job phases that look suspiciously similar to individual processes, but this is not really the case Allyn
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When evaluating projects using the internal rate of Return are projects with a lower early year cash flow preferred at higher discount rates?
Yes it is true. When evaluating projects using internal rate of return projects having higher early year cash flows tend to be preferred at higher discount rates.
Why is the use of a single activity base inappropriate for some companies?
Using a single activity base isn't appropriate because companies have different projects that lead to different costs. If they applied the same base then they will likely under or over price the project.
What is the purpose of corporate tax?
Corporate tax is the tax paid by companies based on its profit. Its purpose is for government projects like building of roads, public schools, and hospitals.
What is a capital fund drive?
A capital fund drive occurs when the company goes on a quest to raise more capital to finance various projects. Companies can do that by holding an initial public offer.
Which type of cost estimating is the preferred most accurate method?
The preferred and most accurate method of cost estimating is typically the "bottom-up" estimating approach. This method involves analyzing individual components of a project in detail and aggregating their costs to develop a comprehensive estimate. It allows for greater precision since it considers specific tasks, resources, and timelines, making it particularly effective for complex projects. While more time-consuming, it often results in more reliable estimates compared to top-down methods.
Can engineering companies just offer engineering anymore?
Nowadays it is unlikely that companies can survive doing just engineering job. Now the market has shifted to projects being delivered by companies providing engineering along with installation, construction or drilling services.
Names of civil engineering companies in South Africa?
Some of the civil engineering companies in South Africa includes BJK Solutions, Beavers Plumbing, Green Savings, Eledso Interiors CC, and B & S Construction. CMC Vault & Safe Projects is also a civil engineering company in South Africa.
What are the portfolio sites for engineering projects?
An Engineering Portfolio is a website or document that highlights examples of your work and projects. ... Portfolios increases one's awareness of their skills and abilities; it is another way to connect in-and-out of classroom learning with real world applications. Show off your work, your projects, and your passions
What a punchline for an engineering projects instalatining com?
There can be a variety of punch lines for engineering projects. It all depends on how creative you are, when creating a punch line.
Mechanical engineering projects?
yes of course
How many plants and products of bhel?
Bhel is a renowned Indian engineering and manufacturing company that specializes in power equipment production. They primarily focus on products related to power generation, transmission, and infrastructure projects. Additionally, they have also ventured into producing products for industries like transportation and defence.
All major engineering projects must be preceded by?
All major engineering projects must be preceded by a statement of work that describes the parameters and deliverables of the project.
Which field of engineering involves construction of public work projects likes roads etc?
CIVIL Engineering
What was the goal of many ancient Roman engineering projects?
The goal of many ancient Roman engineering projects was to connect the cities of Rome with roads and to bring them water with aquaducts.
What are some famous projects from electrical engineering field?
pie
Can you find a mini project for Electronics and Communication Engineering?
Try SeminarProjects. It has mini projects for engineering majors. You can also look at elektroniksforkids.com for some very useful projects and learning information
What are the purposes of Product Development and IT Services Companies?
Product development company is one which develops its own products and markets them. Where as IT services company is one which is based on projects from various government or non-government organizations. e.g. Oracle, Microsoft, Symantec are product companies where as Wipro, TCS and Infosys are IT services companies
