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The best method for determining if a proposed cost is reasonable is to conduct a comparative analysis with similar projects or industry standards. This involves benchmarking against historical data, obtaining quotes from multiple suppliers, and considering expert opinions. Additionally, a thorough review of the assumptions underlying the cost proposal can provide insights into its validity. Ultimately, a combination of these approaches will yield a more accurate assessment of reasonableness.
What else can I help you with?
Determining the cost of one item?
Well to determine the cost of one item you have to first decide which costing method your are using. Marginal or Absorption costing. Nowadays companies are using ABC (Activity Based Costing). ABC is best for determining most accurate cost as compared to other methods.
Which contracting method does not use price or cost as an evaluation factor for award?
The contracting method that does not use price or cost as an evaluation factor for award is known as a "best value" or "quality-based selection" (QBS) approach. In this method, contracts are awarded based on factors such as technical expertise, qualifications, and quality of the proposed solution rather than solely on price. This approach is often used in professional services, like architecture or engineering, where the quality of work is paramount.
Is periodic or perpetual inventory method best for mining company?
Periodic
What accounts receivable valuation method best demonstrates accounting conservatism?
Allowance for doubtful accounts
Which principle best describes the conceptual rationale for the method of matching depreciation expense with revenues?
Systematic and rational allocation
Which method is best for determining Protein Quality?
Lowry method
What is the best method for determining the size of a bike axle, and how can I accurately measure it?
The best method for determining the size of a bike axle is to measure the diameter of the axle. You can accurately measure it using a caliper or a ruler. Simply measure the diameter of the axle at its widest point to determine its size.
Which method of social research is best determining cause and effect?
Experimental research is the best method for determining cause and effect relationships. In an experimental design, researchers manipulate an independent variable to observe its effect on a dependent variable while controlling for other factors. This method allows for greater control over extraneous variables and allows for causal relationships to be established.
What would be a proper method for determining the reasonableness of a contractors proposed labor hour estimate?
To determine the reasonableness of a contractor's proposed labor hour estimate, one effective method is to conduct a comparative analysis using historical data from similar projects. This involves reviewing past labor hour estimates and actual hours worked to identify trends and benchmarks. Additionally, engaging in discussions with the contractor to understand their estimating process and assumptions can provide insights into the validity of their estimate. Lastly, utilizing industry standards and guidelines can help validate the proposed labor hours against recognized best practices.
What is the best method for determining the size of a bike's rear axle, specifically focusing on how to measure bike rear axle size accurately?
The best method for determining the size of a bike's rear axle is to measure the diameter of the axle accurately using a caliper or ruler. This measurement is typically in millimeters and can help you determine the correct size for replacement or upgrades.
Which of the following would be the best method for randomly determining how many eggs an imaginary bird lays in a simulation?
Rolling a six sided number cube and using the number on the top side.
What is the best method for determining sit bone width?
The best method for determining sit bone width is to sit on a piece of memory foam or a special device designed for measuring sit bone width. When you stand up, the impressions left behind will show the distance between your sit bones, which can help you choose the right size bike saddle or chair.
What is the best method for determining the size of a bike rim, and how can I accurately measure it?
The best method for determining the size of a bike rim is to look for the measurement printed on the tire sidewall. It is usually expressed in inches or millimeters. To accurately measure it, use a tape measure to determine the diameter of the rim from one side to the other, excluding the tire. This measurement will give you the size of the bike rim.
What is the best method for determining the width of a bike saddle?
The best method for determining the width of a bike saddle is to measure the distance between your sit bones. This can be done by sitting on a piece of memory foam or using a sit bone measuring device at a bike shop. The width of the saddle should match the distance between your sit bones to ensure a comfortable and supportive fit.
What is the best laptop with reasonable?
compaq and dell both are best and reasonable laptops
What is the meaning of ethical considerations?
There is no best marketing method. They all work, provided, they are all executed properly. The best marketing method is the one that works best for you. The main thing is not to fall into the trap of jumping from method to method like so many marketers do. You have to be disciplined enough to be patient. You have to give whatever method(s) you're using a reasonable chance to work. Then, when you find something that works, milk it to the point of diminishing returns.
What is the best method for determining the correct bike crank length for optimal performance and comfort?
The best method for determining the correct bike crank length for optimal performance and comfort is to consider factors such as your inseam measurement, riding style, and personal preference. It is recommended to consult with a professional bike fitter or experienced cyclist to help determine the most suitable crank length for your specific needs.
