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REY [17]
4 years ago
11

Jenna's team is creating a new product. A deliverable for the project consists of building a website for the product. Jenna anno

unces that she will be outsourcing this deliverable. Company A estimated a cost of $60,000 with completion in 3 months, Company B estimated a cost of $100,000 with completion in 2 months, and Company C estimated a cost of $50,000 with completion in 4 months. Jenna averages the three proposed costs and determines that she will need to put $70,000 into the project budget for the website deliverable. What cost estimating technique did Jenna use?a. cost performance baseline
b. historical relationships
c. project funding requirements
d. vendor bid analysis
Business
1 answer:
gregori [183]4 years ago
5 0

Jenna used the vendor bid analysis .

Option D

<u>Explanation: </u>

Vendor Bid Analysis is the tool of evaluating the proposals received by many suppliers to determine the cost of such a project. This can be done by taking into account the risk provided for project works (through quotations, deals, proposals, etc.).

The buyer's side can take account of documents from existing agreements, meeting qualitative needs, capability and infrastructure, establishing time limits for records, financial capacity, and services when analyzing the offers of a good or service.

This is not an official offer to purchase the property, but rather a public declaration that the seller isn't satisfied with the last offer which is used to keep the deal on track.

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​​Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000​, based on 180,000 estimated direct labor hours
Anna71 [15]

Answer:

D.$400 over allocated

Explanation:

For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $371,000 ÷ 180,000 hours

= $2.06

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 190,000 hours × $2.06

= $391,400

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $391,000 - $391,400

= $400 over - applied

7 0
3 years ago
According to robert m. Mcmath, what two items will help marketers have a successful product launch?.
lana [24]

The two items that will assist marketers to have a successful product launch by Robert M. McMath are by:

  • learning from past mistakes
  • focusing on what benefit the product has for customers

<h3>Who is Robert M. McMath?</h3>

Robert M. McMath is an American author of the book titled "what were they thinking?". In the book, he outlined more than eighty marketing lessons he learned from his business experience.

According to Robert M. McMath, the two items that will assist marketers to have a successful product launch by Robert M. McMath are by:

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Learn more about marketing from Robert M. McMath here:

brainly.com/question/1748396

8 0
2 years ago
In the country of Orcam, the velocity of money is constant. Real GDP grows by 6 percent per year, the money stock grows by 15 pe
Yanka [14]

Answer:15%

Explanation:

Inflation growth= Money stock Growth - Real GDP growth

=15%-6%

=9%

Nominal GDP= Real GDP+ Inflation growth

=6%+9%=15%

6 0
4 years ago
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igor_vitrenko [27]

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3 0
4 years ago
Ray kroc first became involved with mcdonalds as a salesman selling what item to the restaurant chain?
denis-greek [22]
Ray kroc first became involved with mcdonalds as a salesman selling : Milkshake - mixer
He became fascinated by the possibilities that Mcdonalds could offer and became the first one who propose to make McDonalds became a franchise

hope this helps
7 0
3 years ago
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