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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.


Find the estimate cost equation using the high low method?

Coness


What are insurance quotes?

An insurance quote is an estimate of the cost for an insurance policy. The estimate is based on the information that you give to the agent who is quoting the policy for you. For this reason it is imperative that you give them accurate information if you want to get an accurate quote back. If you tell the truth about your tickets, accidents, claims, residence, etc then the agent can give you back an accurate estimate of your cost for the policy.


The inventory method which results in the inventory value on the balance sheet that is closest to current cost is the?

FIFO


Issues in Percentage-Of-Completion Method?

Revenue can be misstated by manipulating the Total Estimated Cost (or Estimate At Completion)


What is an example of a cost estimating technique that would be used when producing a summary cost estimate?

One example of a cost estimating technique used for producing a summary cost estimate is the "analogous estimating" method. This technique involves using historical data from similar projects to estimate costs for the current project, allowing for quick and relatively accurate cost assessments. It is particularly useful in the early stages of project planning when detailed information may be limited. By leveraging past experiences, project managers can make informed decisions about budget allocations.


What are the advantage and disadvantages of resistivity method?

Advantages of resistivity method include its ability to provide information about subsurface material properties and structures. It is also cost-effective and non-invasive. However, disadvantages may include limited depth penetration in some geological conditions and the need for accurate electrode placement for reliable results.


Define high low method?

The high-low method is a technique used to separate fixed and variable costs within a mixed cost. By comparing the highest and lowest activity levels and the corresponding total costs, this method allows you to estimate the fixed and variable components of a cost.


Is the high-low method less accurate than the least-squares regression method for analyzing the behavior of mixed cost?

The fact that the high-low method uses only two data points is a major defect of the method.


How much does it cost to fix a cracked foundation?

The cost to fix a cracked foundation can vary widely depending on the extent of the damage and the method of repair needed. On average, homeowners can expect to pay anywhere from 500 to 10,000 or more for foundation repairs. It is recommended to get multiple quotes from reputable contractors to get an accurate estimate for your specific situation.


What is a good estimate to change a timing belt on a 2002 Toyota Sequoia?

Due to widely varying cost factors in different areas of the country it is impossible to give an accurate estimate.


What are the advantages of sahil's acid haematin method?

Sahli's acid haematin method for hemoglobin estimation is a simple and reliable technique that provides accurate results. It is cost-effective and does not require specialized equipment, making it suitable for use in resource-limited settings. Additionally, it can detect various types of anemia and is widely used in clinical practice.