Describe the importance of cost reports and how they are use

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Reference no: EM133349079

Question 1. Describe the importance of cost reports and how they are used for pricing.

Question 2. Explain two different categories of materials used on a construction project.

Question 3. List four job factors and four labor/management factors that affect productivity.

Question 4. Discuss the advantages and disadvantages of renting equipment versus owning equipment. Give at least 3 considerations.

Question 5. List five ownership costs that must be considered when purchasing a piece of equipment.

Question 6. You want to take out a loan for $5000.00 over the course of 3 years. If the interest rate is 6% annually, what is the total amount you will repay?

Question 7. You have two choices for a loan of $10,000.00: 3 years at 7% annually, or 5 years at 5% annually. Which loan will be cheaper, and by how much?

Question 8. An asset that costs $40,000.00 will be used for 10 years and then sold for $18,000.00. Using the straight-line method, what will be the depreciation per year?

Question 9. Give two alternate methods for calculating depreciation.

Question 10. Explain why excavation and backfill operations are usually sub-contracted. Give at least two reasons.

Reference no: EM133349079

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