Answer:
A. It is relatively inexpensive.
B. It is popular and widely used.
C. It is included in Microsoft Office.
D. It is compatible with other systems.
Explanation:
just did it on excel
Parametric estimation is a techniques that uses a statistical relationship to calculate cost or duration based on historical data and other project parameters
Parametric estimation is a quantitative method (statisitical relationship) used to estimate the project cost, resources, and duration based on historical data and other project parameters.
Parametric estimation models are used when:
- There is precedent
- The model is a unit hence can be scaled up
- The parameters required are easily quantifiable
While the other options of this question is incorrect because:
b. grass roots estimating
Cost estimation done by the individuals who will be performing the task being estimated.
c. empirical estimating
Estimation method in which the data is obtained using empirical formulas. It is usually based on an amalgamation of historical data, assumptions, guesses, and personal experience.
d. analogous estimating
Also called top-down estimating, this is a technique that involves comparing previous projects, personal experiences and cursory cross-referencing observed costs to estimate time resources required. This technique is most useful in the absence of quantifiable data.
You can learn more about project estimation at
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Answer:
Dr Factory Overhead Payable $5,000
Cr Cost of Goods Sold $5,000
Explanation:
What we have done?
Cr Factory Overhead $5000
What we must do?
Dr Factory Overhead $5000
The entry in the expense account is credited, as said in the question. So what we must do is debit it back and waive off its affect from the cost of sales.
So at the end of the period the company is legally required to close the expenses and revenue accounts in-accordance to International Financial Reporting Standards.
What must be the entry?
So the journal entry would be :
Dr Factory Overhead $5,000
Cr Cost of Goods Sold $5,000
Answer: chemical fertiliser refers to any number of synthetic compound substances created specifically to increase crop yield.
Some examples of chemical fertilisers are ammonium sulphate, ammonium phosphate, ammonium nitrate, urea, ammonium chloride.
Vision, decision-making style, and delegation.
