Purchase Solution

estimated cost

Not what you're looking for?

Ask Custom Question

Below is a project WBS with cost apportioned by percents. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables?

Design?

Programming?

In-house testing?

What weaknesses are inherent in this estimating approach?

Exercise 5.2 WBS Figure

router systems project cost: 600,000
definition design Implementaion
10% 40% 50%

objectives Requirments
4% 6% In house tesing customer testin
40% 10%

inputs ourputs files interfaces programming
3% 3% 4% 10% 20%

Purchase this Solution
Solution Summary

What are the estimated cost. for design, programming, in-house testing?

Solution Preview

Design cost: 40% of 600,000 or 240,000

Programming: 20% of 600,000 or 120,000

In-house testing: 40% of 600,000 or 240,000

Some of the inherent weaknesses in this ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
  • "Thanks"
  • "Thanks"
  • "Very good! "
  • "thanks"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Motivation

This tests some key elements of major motivation theories.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

View More Free Quizzes
Related BrainMass Solutions

  • Cost Accounting: Eldorado Inc.

    This overhead could have been traced to the following activities: Activities and Cost Driver Bases Estimated Cost Estimated Activity Levels Production Setup (# of setups) $35,000 350 Material handling (# of pounds of material) 50,000 25,000

  • Job order costing

    overhead costs = $100,000 Predetermined overhead rate (POHR) = Estimated total manufacturing overhead cost for the coming period / Estimated total units in the allocation base for the coming period Therefore Predetermined support cost driver

  • Indirect cost calculation &allocation,Normal vs actual cost

    Determination of pre determined overhead rate by dividing the total estimated cost by estimated production or estimated labour hours or some rational basis.

  • Leasing Company

    Required: A) Write the equation to predict estimated total lease cost.

  • Gibson Flowers-cost of equity

    Risk-free rate of interest 3.5% Average equity market return 10.5% Estimated cost of debt 8.0% Estimated correlation of Gibson with the market 0.726 Estimated standard deviation of Gibson's returns 35% Estimated standard deviation of the market's

  • Computing predetermined overheat rate and manufacturing overhead applied

    Percentage of prime cost = Estimated Manufacturing overheads x 100 Estimated Prime cost 4.

  • Overhead calculations

    direct labor cost Predetermined overhead rate 1.55 per $ of direct labor cost Department B The estimated overhead is $800,000.00 The estimated base is $40,000.00 The overhead is applied on direct labor hours Predetermined

  • Emily Smith decides to buy a fuel-efficient used car

    Estimate the cost of a five-year-old car. The estimated cost of a five-year old car is given as follows: Estimated Cost = 18358 - 1534*5 = $10688. (e) Here is a portion of the regression software output. What does it tell you?

  • Mark Price Company uses the gross profit method to estimate

    Gross Profit (30%) 245,400 Estimated Cost of Goods Sold: 684,600 Estimated Inventory (Ending) $ 133,400 of cost Total Inventory 818,000 COGS -684,600 Estimated Inventory

  • Cost of production Report and Breakeven analysis

    Hitch Company sells Products Sand T and has made the following estimates for the coming year: Product Unit Selling Price Unit Variable Cost Sales Mix S $30 $24 60% T 70 56 40 Fixed costs are estimated at $202,400.

View More Related Solutions