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A single rate method of cost allocation is called such because only one price rate is used in the calculations. There are two types of single rate methods, the floor area (or superficial) method or the functional unit method. The functional unit method estimates cost based on the functional unit s of a project. e.g. for a school the functional unit is a school place, for a hotel the functional unit is a bedroom and so on. The cost is obtained by studying previous similar projects and dividing the total cost by the number of functional units obtained. So if a school cost £5,000,000 and provided 1000 student places the functional unit cost is £5000 per school place.
The superficial method looks at floor area and uses this as its single rate. The price rate used is again based on data taken from similar projects, with similar storey heights. The gross internal floor area (superficial area) is measure and then multiplied by the appropriate rate/m2 to find a cost estimate.
What else can I help you with?
Why is the NPV method superior to payback method?
How is the method superior to the payback method
What do you mean by WDV method?
wdv method means written down value method. while it is used in depreciation evaluation.
What are the advantages of organization and method team?
advantages of organisation and method team
How money market hedge method is superior to the forward market hedge method?
no
Which interest method do credit card companies prefer?
The interest method that credit card companies prefer will vary depending on the company. In most cases, they use the average daily balance method or the daily balance method.
What is the systematic method of studying politics?
historical method observational method expermental method
Why is the NPV method superior to the Payback method?
How is the method superior to the payback method
Why is the NPV method superior to payback method?
How is the method superior to the payback method
Differences between declaring a method and calling a method?
Declaring a method is when you code for what the method will perform. When you call a method, you are using the method you have written in another part of the program, (or inside the method if it is recursive).
What are the methods in planting tree?
cone method,deep hole method,slide hole method,center hole method,trench method,slit method
How can i increase my writing method?
You can not increase a "Method". A method is a way of doing something. You could change your method, improve your method, simplify tour method, but NOT "increase" it.
Is calendar method is now a artificial family method?
No, the calendar method is a NATURAL method.
What is a sentence for method?
What is your method of study? I like your Method.
Is it the solfege method or sol fech method?
Solfege method.
What is the 3 method of economic?
deductive method inductive method
Is lowry's method an invasive method?
No. It is a non-invasive method
What are the methods of manpower planning?
there are basically two method 1. ratio method 2. cloud method there are basically two method 1. ratio method 2. cloud method
