--%>

Types of Cost

Types of Cost:

A) Direct costs: clearly chargeable to a work package:

  • labour
  • materials
  • equipment
  • other

B) Direct project overhead costs:

  • those overheads that can be tied to a work package or project deliverable

C) General and Administrative overhead costs:

  • can apportion or allocate to work packages pro-rata, and also percentage may be added if you are a contractor.

   Related Questions in Microeconomics

  • Q : All possible prices exceeding in

    Participants in this market would experience a surplus in this market for teleporter buttons: (1) at all possible price per button exceeding P2. (2) equal to distance cd when the price per button equals P1. (3) when this market was primarily in e

  • Q : Arbitrage and Transaction Costs The

    The individual or organization which simultaneously purchases low and sells high in various markets is a/an: (i) Elevator. (ii) Speculator. (iii) Analyst. (iv) Arbitrageur. (v) Operator. Can someone please help me in finding out th

  • Q : Critics of current welfare programs

    Critics of current welfare programs who desire the welfare system scaled down tend to argue which welfare reform should give: (1) whatever this takes to lift all people out of poverty. (2) poor people with incentives to work. (3) nothing; there should

  • Q : Maximizes profits or minimizes losses

    When it is feasible for total revenue to exceed variable costs, in that case a monopolist which does not price discriminate maximizes profits or minimizes losses from producing the output where marginal revenu

  • Q : Meaning of division of labor Give the

    Give the answer of following question. The division of labor means that: 1) labor markets are geographically segmented. 2) unskilled workers outnumber skilled workers. 3) workers specialize in various production tasks. 4) each worker performs a large number of tasks.<

  • Q : Problem on Budget constraints James and

    James and Louisa each have an income of $30, which they each spend on tomatoes and all other goods.  They buy tomatoes at their local farmers market, which charges $3 per pound.  Define the units for all other goods so that their price is $1 per unit. 

  • Q : Interest Rate Reinvestment Risk Explain

    Explain the term Interest Rate Reinvestment Risk in detail?

  • Q : Normal accounting profits I have a

    I have a problem in economics on Normal accounting profits. Please help me in the following question. The normal accounting profits are considered by the economists to be: (i) Exploitation of the consumer. (ii) Evidence of monopoly power. (iii) Economic costs of the p

  • Q : Making price and output decisions by

    Of the given, the firm probably to consider possible reactions through rival firms while making price and output decisions would be as: (w) a family-owned and operated dairy farm in Wisconsin. (x) your local electric utility. (y) the biggest independe

  • Q : Central bank executes clearing house

    Central bank executes the function of a clearing house. Explain how? Answer: Each and every bank keeps cash reserves with central bank. The claims of banks against