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The reason for estimating the costs of either one job or many jobs is to provide a forecast for the organization filling and/or creating new jobs to see if the organization can afford them. If the job (s) are already in existence, then the answer is to provide a forecast for what the costs will entail at some future date.
The items to be estimated are numerous and actually the items themselves are irrelevant to the question.
What else can I help you with?
Why do lower labor costs in the other countries lead to jobs loss in the US?
Lower labor costs enable producers to export inexpensive products to the United States.
Definition of private cost in economics?
These are costs that are incurred to an individual or firm when they are carrying out the activities of consumption or production. They are the costs that those individuals or firms have to pay themselves.
What are the causes of outsourcing jobs?
Businesses outsource jobs because: 1. It costs less 2. It saves money 3. It raises productivity 4. It makes small business thrive in a shrinking economy
What factor describes the range of depth of individual jobs specialization?
specialization
What were the estimated economic costs in WW1?
During WW1, the Allies spent $58 Billion while the Central Powers spent $25 Billion. Britain alone spent $20 Billion while the US spent $17 Billion.
Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?
They must predict overhead in advance and assign it to jobs so that a job's total costs can be estimated prior to its completion. This estimated cost is useful for managers in many decisions including setting prices and identifying costs that are out of control.
What is the difference between standard cost and estimated cost?
Estimates are the expressions of of opinion based upon past experiences whereas the standard costs are based upon standard rate that are very carefully developed and set as scientifically as possible. However, both estimated costs and standard costs are related to future period of time but there are some significant differences between them. Some major differences between standard costs and estimated costs are listed below:1. Estimated costs are the expressions of opinion based upon experience. Standard costs are based upon standard rates that are carefully developed and set as scientifically as possible.2. Estimated costs are used by those firms that follow historical costing system. Standard costs are used by those organizations that follow standard costing.3. Estimated costs are based on actual costs and anticipated costs. Standard costs are fixed after scientific analysis of relevant cost elements.4. Estimated costs are based on approximation. Standard costs are based upon specifications.5. Estimated costs are normally used as guideline for price determination, quoting the selling price etc. Main purpose of standard costs is to serve as a tool for cost control.
What is the difference between actual costs and budgeted costs?
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
It is estimated that a first time DUI costs roughly __once all potential costs are factored in?
blablabla
Estimated costs of 100000 watts of electricity?
7 dollars.
What are the estimated yearly costs for Baylor university?
32,000-35,000
Why do US companies outsource jobs?
To reduce labor costs
What is the estimated costs of running a flower shop?
About 10% less than you'll make. Fixed costs/ Variable costs? Cost of spoiled unsold flowers/
What jobs were lost because of September 11?
The estimated number of jobs lost in lower Manhattan is 100,000. It was also estimated that by the end of 2002 1.8 million jobs were lost in the US because of the attacks. 237,000 jobs were lost in the US travel industry in the last 5 months of 2001.
What were the estimated economic costs of World War 1?
about $338 billion dollars
What are the estimated padding requirements for this project?
The estimated padding requirements for this project are approximately 10 of the total budget to account for unexpected costs and contingencies.
How much did skfall cost to make?
Production costs are estimated at $150-200 million
