There is no industry which can not relay on estimation, all industries needs estimation.
The two primary categories of this profession are construction and manufacturing, according to the Bureau of Labor Statistics. It states that more than half of all cost estimators work in the construction industry, where they may further specialize in projects for homes, businesses, industries, or the government.
Cost estimation aids in setting the project budget, planning the required work, and managing new resources. Cost estimates are also of the utmost importance when trying to win over new clients. Before starting actual building, property owners also utilize cost estimates to evaluate the viability of their projects.
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Answer:
$40,000
Explanation:
For computing the total variable cost, first we have to determine the variable cost per unit which is shown below:
= (Direct materials cost + Indirect materials - variable + Direct labor cost) ÷ (number of units produced and sold)
= ($18,000 + $2,000 + $10,000) ÷ (3,000 units)
= ($30,000) ÷ (3,000 units)
= $10 per unit
Now the total variable cost would be
= $4,000 units × $10 per unit
= $40,000
Answer: C. interest expense will not be a constant dollar amount over the life of the bond.
Explanation:
When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.
As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.
Answer: When the switch is closed.
Explanation: The current is the flow of charges, the current can only flow when the switch is closed
