Look ahead to the abbreviated finishes database in Table 16.1. Instead of four different jobs, assume that
Question:
Look ahead to the abbreviated finishes database in Table 16.1. Instead of four different jobs, assume that this was all on one project but the data reflects four different foremen. Prepare scenarios for why a foreman may be excessively higher or lower than the others and what should be done with this data if discovered during the middle of a project.
Transcribed Image Text:
Table 16.1 Estimating database Job Number: Project Type: Category Buy I x 4 Fir Trim Install Kitchenettes Bath Vanities in place Buy HM Door Frames Buy Relight Glass Kits Install Wood Doors Install Door Hardware GWB and Metal Studs/Sub Interior Painting in place Buy TP Dispenser Install Mirrors Evergreen Construction Company Estimating Database Units LF Cost Code 062214 641100 064110 081213 081318 EA 081418 MH/Leaf 087100 MH/Set 091500 SFW 099000 SFW 102813 EA 102800 MH/EA MH/Unit Vanities Opening Purchase Window Blinds 122000 EA (Abbreviated) 109 Retail T.I. $2.20 114 332 Mid-rise Middle Apartment School $1.80 $20 $1,010.00 $950.00 $250.00 $235.00 $65.00 $60.00 $1.00 $1.50 $5.00 $1.00 $9.00 $8.00 $0.50 $0.50 $15.00 $18.00 $1.00 $250 $0.50 $173 $1.75 410 Spec Office $4.00 $1,110.00 $940.00 $170.00 $240.00 $55.00 $60.00 $0.85 $1.15 $1.10 $1.25 $5.50 $8.25 $0.75 $2.50 $22.00 $20.00 $1.25 $0.75 $225 $150 Average $2.52 $20.00 $1,000.00 $215.00 $58.33 $1.17 $1.12 $7.25 $1.25 $20.00 $0.83 $182.67
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Cost Accounting And Financial Management For Construction Project Managers
ISBN: 9781138550650
1st Edition
Authors: Len Holm
Question Posted:
Students also viewed these Business questions
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Draw a simple undirected graph G that has 12 vertices, 18 edges, and 3 connected components.
-
End A of the 6-kg uniform rod AB rests on the inclined surface, while end B is attached to a collar of negligible mass which can slide along the vertical rod shown. Knowing that the rod is released...
-
The number of boating accidents on Lake Emilie follows a Poisson distribution. The probability of an accident is 0.003. If there are 1000 boats on the lake during a summer month, find the probability...
-
Why is the matching principle important when preparing a profit and loss account and balance sheet?
-
Norton Company reports the following operating results for the month of August: Sales $310,000 (units 5,000); Variable costs $210,000; And fixed costs $75,000 Management is considering the following...
-
City Foods, is a firm that is experiencing rapid growth. The firm just paid a dividend of $5.00 yesterday. They expect to see their dividend grow at a twenty percent rate for the next two years and...
-
A) Utilizing another case study project, prepare a work package for direct labor for a system of work such as concrete foundations, CIP concrete walls, tilt-up concrete walls, or SOG. Attach the...
-
What would happen if your superintendent discovered you had given him or her an erroneously low budget or tight time frame and you as the PM knew you had more to work with?
-
A soft drink producer installs a new assembly line to fill 12-oz soda cans. After a week of operation, the plant manager randomly samples 120 cans of soda and weighs the soda. He finds that the soda...
-
Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic...
-
Write an article analysis of the global water cricis article written by Lisa Guppy and Kelesy Anderson . Your analysis is at the position that you dissagree with the authors position
-
This week's discussion question has three different options for your topic. YOU ONLY NEED TO DISCUSS ONE OF THEM. 1. Consider having analyzed the materials provided in State v. Mitchell as a...
-
How to write a PL/SQL function to increase the salary of a given employee? The program will search using the employee's ID and determine the new salary based on the job id: - AD_PRES: increase salary...
-
Consider the following Venn diagram, illustrating the Universal Set, and the sets A, B, and C. A mouse, horse & Bird frog cat,pig wolf/ shark,dolphin,eel C Find and list the elements of the...
-
You own $10,000. The dollar rate in Tokyo is 216.6743. The yen rate in New York is given in the previous table. Are arbitrage profits possible? Set up an arbitrage scheme with your capital. What is...
-
Determine the annual percentage yield for a loan that charges a monthly interest rate of 1.5% and compounds the interest monthly.
-
Stenback Company is one of the worlds leading corn refiners. It produces two joint productscorn syrup and corn starchusing a common production process. In July 2020, Stenback reported the following...
-
Quality Chicken is computing the ending inventory values for its July 31, 2020, balance sheet. Ending inventory amounts on July 31 are 15 pounds of breasts, 4 pounds of wings, 6 pounds of thighs, 5...
-
Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2020 follows: Joint cost of production in July 2020 was...
-
1 L = D + DH+Y/ dL D 2 V (TITH 300) + 4 (H+D-12+5) - = D+H+ VTDH + 4 = 0 + 2D + 2H + (TVDH) + 4 = 0 2 dl = D + VID +4=0 dH 3 dL = dv a 4D + VD + 44=0 TIDH - 300 = 0 TDH-1200 = 0 4 H + D = 12 + 5 = 0...
-
The relationship between the electrical generator rpm, the number of generator poles n, and the current/voltage frequency f is given by Eqn. 6 in the book chapter as: f = (n * rpm) / 120 [Hz] What...
-
Name: Date: [Chapter 9: Sectioning] P9-11) Sketch the sectional view as indicated. The material of the part is Aluminum.
Study smarter with the SolutionInn App