Reference no: EM133393066

Question 1. Discuss the different types of nonlabor costs for a project like direct materials. Develop a list that includes common direct costs associated with a business that are not labor related. Explain how these costs could be estimated when submitting a bid for future work. Discuss the different types of nonlabor costs for a project like direct materials.

Question 2. Based on the "State Incentive Programs" explained on page 172 and Table 1 found on page 173 of the article, select a state and then identify two policies or programs listed for that state that encourage renewable energy generation in general and solar energy generation. Explain how these policies or programs can help you as a small business owner.

Question 3. Thinking about a recent personal or professional project, consider what may have been direct and indirect costs of that project. Provide a brief summary of your project and identify each of the direct and indirect costs associated, providing an explanation for why they are direct or indirect. It is not necessary to provide the dollar amount of these costs, only the name of the costs and whether they are direct or indirect.

Question 4. What are some pricing advantages and disadvantages in contracting with the government for business? Determine which major concern you believe is the most important to address and provide a rationale for your response.

Question 5. Imagine you need a new solar panel parts manufacturer and are looking to hire an installation professional to do the job. Of the contracting methods and types you read about in Chapter 2 of your text, which one would you choose for this particular contract? Provide a rationale for your choice.

Question 6. Discuss the different types of indirect costs associated with a contracted project that can show up on the income statement for a company. From your text and research, what are some methods that can be used to allocate these costs? Justify your comments.

Question 7. Explain the difference between depreciation and facilities capital cost of money. Why would a company want to include facilities capital cost of money as an allowable cost? Use specifics to support your answer.

Question 8. Indicate reasons why a company's actual profit would be different from the estimated profit when the bid was originally submitted. Include reasons why the actual profit could exceed the estimated profit and vice versa.