In Project crashing, rent and overheads are treated as A.Significant Cost B.Insignificant costs C.Direct Costs D.Indirect Costs

In Project crashing, rent and overheads are treated as 

A.Significant Cost 

B.Insignificant costs 

C.Direct Costs 

D.Indirect Costs
by

1 Answer

Answer :

D.Indirect Costs
by

Related questions

Internal costs include a) Developers salaries b) Managers and support personnel salaries c) The cost of overheads such as utilities, rent and senior managers d) Materials (such as manuals) and services such as travel e) All of the above.

Description : Internal costs include a) Developers salaries b) Managers and support personnel salaries c) The cost of overheads such as utilities, rent and senior  managers d) Materials (such as manuals) and services such as travel e) All of the above.

Last Answer : a) Developers salaries

Costs that are not directly related to the products or services of the project, but are indirectly related to performing the project. A. Intangible Costs B. Sunk Cost C. Tangible Costs D. Indirect Costs

Description : Costs that are not directly related to the products or services of the project, but are indirectly related to performing the project. A. Intangible Costs B. Sunk Cost C. Tangible Costs D. Indirect Costs

Last Answer : D. Indirect Costs

Conversion cost is the sum total of: A. Direct material cost and direct wages cost B. Direct wages, direct expenses and factory overheads C. Indirect wages and factory overheads D. Indirect wages, direct wages & factory overheads

Description : Conversion cost is the sum total of: A. Direct material cost and direct wages cost B. Direct wages, direct expenses and factory overheads C. Indirect wages and factory overheads D. Indirect wages, direct wages & factory overheads

Last Answer : C. Indirect wages and factory overheads

Feasibility study determines ----------------- A.Whether the project is possible with resources B.Comparing the project with world class manufacturinC.Calculate the cost crashing each unit D.Add duration to each unitg norms

Description : Feasibility study determines -----------------  A.Whether the project is possible with resources  B.Comparing the project with world class manufacturing norms C.Calculate the cost crashing each unit  D.Add duration to each unit

Last Answer : A.Whether the project is possible with resources

Which of the following statements is/are correct? 1. A materials requisition note is used to record the issue of direct material to a specific job. 2. A typical job cost will contain actual costs for material, labour and production overheads, and non –production overheads are often added as a percentage of total production cost 3. The job costing method can be applied in costing batches (a) (1) only (b) (1) and (2) only (c) (1) and (3) only (d) (2) and (3) only

Description : Which of the following statements is/are correct? 1. A materials requisition note is used to record the issue of direct material to a specific job. 2. A typical job cost will contain actual costs for material, labour and production ... 1) and (2) only (c) (1) and (3) only (d) (2) and (3) only

Last Answer : (c) (1) and (3) only

Marginal cost is computed as A. Prime cost + All Variable overheads B. Direct material + Direct labour + Direct Expenses + All variable overheads C. Total costs – All fixed overheads D. All of the above

Description : Marginal cost is computed as A. Prime cost + All Variable overheads B. Direct material + Direct labour + Direct Expenses + All variable overheads C. Total costs – All fixed overheads D. All of the above

Last Answer : A. Prime cost + All Variable overheads

Fill in the blank. Crashing refers to when the task duratioSelect one: a. scope creep b. floated c. slack d. compressed e. expeditedn’s are __ along the critical path to meet the project completion date.

Description : Fill in the blank. Crashing refers to when the task duration’s are __ along the  critical path to meet the project completion date. Select one: a. scope creep b. floated c. slack d. compressed e. expedited

Last Answer : d. compressed

Project crashing is the method for ------------- A. Shortening the project duration by reducing the time of one or more critical activities B.Adding resources at critical points C.Doing technical analysis of the finished work for review D.Adding duration to each activity

Description : Project crashing is the method for -------------  A. Shortening the project duration by reducing the time of one or more critical  activities  B.Adding resources at critical points  C.Doing technical analysis of the finished work for review  D.Adding duration to each activity

Last Answer : A. Shortening the project duration by reducing the time of one or more critical  activities

You are the project manager working on a research project for a new drug treatment. Your preliminary project schedule runs past the due date for a federal grant application. The manager of the R&D department has agreed to release two resources to work on your project in order to meet the federal grant application date. This is an example of _______________. A. Crashing B. fast tracking C. resource leveling D. adjusting the resource calendar

Description : You are the project manager working on a research project for a new drug treatment. Your preliminary project schedule runs past the due date for a federal grant application. The manager of the R&D ... .  A. Crashing B. fast tracking C. resource leveling D. adjusting the resource calendar

Last Answer : A. Crashing

Which of the following is not a relevant cost in capital budgeting? A. Sunk Cost B. Opportunity cost C. Allocated overheads D. Both (a) and (c) above

Description : Which of the following is not a relevant cost in capital budgeting? A. Sunk Cost B. Opportunity cost C. Allocated overheads D. Both (a) and (c) above

Last Answer : D. Both (a) and (c) above

In project crashing, as we systematically, crash the project, direct cost of project ______ a. Increases b. Decreases c. Remain same d. None of the above

Description : In project crashing, as we systematically, crash the project, direct cost of project ______ a. Increases b. Decreases c. Remain same d. None of the above

Last Answer : a. Increases

___ should be made of all cost factors so as to reflect on all relevant investment and operational costs of the project including contingencies.

Description : ___ should be made of all cost factors so as to reflect on all relevant investment and  operational costs of the project including contingencies.

Last Answer : Ans. Realistic estimates

Which of the following are parameters involved in computing the total cost of a development project? a) Hardware and costs b) Effort costs c) Travel and training costs d) All of the mentioned

Description : Which of the following are parameters involved in  computing the total cost of a development project? a) Hardware and costs b) Effort costs c) Travel and training costs d) All of the mentioned

Last Answer : d) All of the mentioned

Cost controls can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project 2. The process of assembling and predicting costs of a project over its life cycle 3. The process of assembling and predicting costs of a project over its life cycle 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis.

Description : Cost controls can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities,  uncertainties, and inflation that  could ... of gathering, accumulating, analyzing, reporting, and managing the costs on  an on-going basis.

Last Answer : 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on  an on-going basis.

Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project 2. The process of assembling and predicting costs of a project over its life cycle 3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

Description : Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities,  uncertainties, and inflation that  could ... of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

Last Answer : 3. The process of establishing budgets, standards, and a monitoring system by which the  investment cost of the project can be measured and managed

A profitability index (PI) of .92 for a project means that . A. The project's costs (cash outlay) are (is) less than the present value of the project's benefits B. The project's NPV is greater than zero C. The project's NPV is greater than 1 D. The project returns 92 cents in present value for each current rupee invested (cost)

Description : A profitability index (PI) of .92 for a project means that . A. The project's costs (cash outlay) are (is) less than the present value of the project's benefits B. The project's NPV is ... is greater than 1 D. The project returns 92 cents in present value for each current rupee invested (cost)

Last Answer : C. The project's NPV is greater than 1

Considers the total cost of ownership, or development plus support costs, for a project. A. Learning Curve Theory B. Life Cycle Costing C. Parametric Modeling D. Rate of Performance

Description : Considers the total cost of ownership, or development plus support costs, for a project. A. Learning Curve Theory B. Life Cycle Costing C. Parametric Modeling D. Rate of Performance

Last Answer : B. Life Cycle Costing

A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold for Rs1690 and incurred overheads of Rs 694. What was the prime cost of the job? (a) Rs 489 (b) Rs 606 (c) Rs 996 (d) Rs 1300

Description : A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to  total costs as a profit margin. Job number Y256 was sold for Rs1690 and incurred overheads of Rs 694.  What was the prime cost of the job? (a) Rs 489 (b) Rs 606 (c) Rs 996 (d) Rs 1300

Last Answer : (b) Rs 606

In element-wise classification of overheads, which one of the following is not included — (a) Fixed overheads (b) Indirect labour (c) Indirect materials (d) Indirect expenditure.

Description : In element-wise classification of overheads, which one of the following is not included — (a) Fixed overheads (b) Indirect labour (c) Indirect materials (d) Indirect expenditure.

Last Answer : (a) Fixed overheads

Overhead refers to: (a) Direct or Prime Cost (b) All Indirect costs (c) only Factory indirect costs

Description : Overhead refers to: (a) Direct or Prime Cost (b) All Indirect costs (c) only Factory indirect costs

Last Answer : (b) All Indirect costs

Which of the following is a direct project cost? 1. Lighting and heating for the corporate office 2. Workers Compensation insurance 3. Piping for an irrigation project 4. A and B

Description : Which of the following is a direct project cost? 1. Lighting and heating for the corporate office  2. Workers Compensation insurance  3. Piping for an irrigation project  4. A and B

Last Answer : 3. Piping for an irrigation project

____ is a significant facet of project management.

Description :  ____ is a significant facet of project management.

Last Answer : Ans. Project planning

The most significant challenge to project managers is _____. a. lack of project management training b. no one really understands how to manage a complex systems development project c. the lack of tools that can assist in controlling project progress d. unrealistic schedule demands by project sponsors

Description : The most significant challenge to project managers is _____.  a. lack of project management training  b. no one really understands how to manage a complex systems development project  ... tools that can assist in controlling project progress  d. unrealistic schedule demands by project sponsors

Last Answer : d. unrealistic schedule demands by project sponsors

)The engineer of the project in the planning phase and makes a significant contribution to the technical scope. This is an example of what type of skill and knowledge? 1. Inherent 2. Stakeholder 3. Technical evaluation 4. Convergent thinking

Description : )The engineer of the project in the planning phase and makes a significant contribution to the  technical scope. This is an example of what type of skill and knowledge? 1. Inherent  2. Stakeholder  3. Technical evaluation  4. Convergent thinking

Last Answer : 2. Stakeholder

Manufacturing cost in a chemical company does not include the (A) Fixed charges (B) Plant overheads (C) Direct products cost (D) Administrative expenses

Description : Manufacturing cost in a chemical company does not include the (A) Fixed charges (B) Plant overheads (C) Direct products cost (D) Administrative expenses

Last Answer : (D) Administrative expenses

(d) Rs 1.50 Q.61. CA Co manufactures a single product and has drawn up the following flexed budget for the year. 60% 70% 80% Rs Rs Rs Direct materials 120,000 140,000 160,000 Direct labour 90,000 105,000 120,000 Production overheads 54,000 58,000 62,000 Other overheads 40,000 40,000 40,000 Total Cost 304,000 343,000 382,000 What would be the total cost in a budget that is prepared at the 77% level of activity? (a) Rs 330,300 (b) Rs 370,300 (c) Rs 373,300 (d) Rs 377,300

Description : Q.61. CA Co manufactures a single product and has drawn up the following flexed budget for the year.  60% 70% 80%  Rs Rs Rs Direct materials 120,000 140,000 160,000 Direct labour 90,000 105,000 120,000 Production ... activity? (a) Rs 330,300 (b) Rs 370,300 (c) Rs 373,300 (d) Rs 377,300

Last Answer : (b) Rs 370,300

During September, 300 labour hours were worked for a total cost of Rs 4800. The variable overhead expenditure variance was Rs 600 (A). Overheads are assumed to be related to direct labour hours of active working. What was the standard cost per labour hour? (a) Rs 14 (b) Rs 16.50 (c) Rs 17.50

Description : During September, 300 labour hours were worked for a total cost of Rs 4800. The variable  overhead expenditure variance was Rs 600 (A). Overheads are assumed to be related to direct labour  hours of active working. What was the standard cost per labour hour? (a) Rs 14 (b) Rs 16.50 (c) Rs 17.50

Last Answer : (a) Rs 14

Calculate the prime cost from the following information: Direct material purchased: Rs. 1,00,000 Direct material consumed: Rs. 90,000 Direct labour: Rs. 60,000 Direct expenses: Rs. 20,000 Manufacturing overheads: Rs. 30,000 (a) Rs. 1,80,000 (b) Rs. 2,00,000 (c) Rs. 1,70,000 (d) Rs. 2,10,000

Description : Calculate the prime cost from the following information: Direct material purchased: Rs. 1,00,000 Direct material consumed: Rs. 90,000 Direct labour: Rs. 60,000 Direct expenses: Rs. 20,000 Manufacturing overheads: Rs. 30,000 (a) Rs. 1,80,000 (b) Rs. 2,00,000 (c) Rs. 1,70,000 (d) Rs. 2,10,000

Last Answer : (c) Rs. 1,70,000

Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A) Algorithmic model (B) Expert judgment (C) Top down (D) Analogy

Description : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A) Algorithmic model (B) Expert judgment (C) Top down (D) Analogy

Last Answer : (D) Analogy

One of the reasons a project life cycle is split into phases ic. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.s to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development.

Description : One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of ... the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

Last Answer : a. facilitate formal go/no-go decision making during the project.

Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.

Last Answer : c. The scope of the project.

Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. c. Management costs of the project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.

Description : Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. ... project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.

Last Answer : a. All variance to the project scope is evaluated.

Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Description : Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Last Answer : C. Resource Breakdown Structure

Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Description : Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Last Answer : d) all of the mentioned

Which of the following is not project management goal? a) Keeping overall costs within budget b) Delivering the software to the customer at the agreed time c) Maintaining a happy and well-functioning development team

Description : Which of the following is not project management goal? a) Keeping overall costs within budget b) Delivering the software to the customer at the agreed time c) Maintaining a happy and well-functioning development team

Last Answer : d) Avoiding customer complaints

Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Description : Which of the following is/are main parameters that you should use when computing the costs of a  software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Last Answer : d) all of the mentioned

This set of Software Engineering Multiple Choice Questions & Answers (MCQs) focuses on “Project Management”. 1. Which of the following is not project management goal? a) Keeping overall costs within budget b) Delivering the software to the customer at the agreed time c) Maintaining a happy and well-functioning development team d) Avoiding customer complaints

Description : This set of Software Engineering Multiple Choice Questions & Answers (MCQs) focuses on Project  Management . 1. Which of the following is not project management goal? a) Keeping overall ... agreed time c) Maintaining a happy and well-functioning development team d) Avoiding customer complaints

Last Answer : d) Avoiding customer complaints

What is the most critical aspect in developing a project plan that meets project specifications within the timeframe and at the lowest costs? Select one: a. Assessing risk managemenc. Emphasizing error prevention and customer satisfaction d. Requiring commitment to quality by all the employees and business partners e. Developing a project execution plan that matches the complexity level of the projectt b. Providing documents that specifically comply with the quality standards in use

Description : What is the most critical aspect in developing a project plan that meets project  specifications within the timeframe and at the lowest costs? Select one: a. Assessing risk management b ... business partners e. Developing a project execution plan that matches the complexity level of the project

Last Answer : e. Developing a project execution plan that matches the complexity level of the project

According to the PMBOK guide which of the following sta. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. b. Reserves should not be included in the project budget. c. If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. d. Planning contingency reserves for a project is not practical. e. Contingency reserves have never been a concern when planning a project budget.atements is right in terms of using reserve analysis to determine a project budget ?

Description : According to the PMBOK guide which of the following statements is right in terms  of using reserve analysis to determine a project budget ? a. Reserve analysis always plans contingency reserves ... not practical. e. Contingency reserves have never been a concern when planning a project budget.

Last Answer : . Reserve analysis always plans contingency reserves for unexpected project scope and  project costs, which are part of your project budget.

According to the PMBOK guide, which of the following statements is right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. B. Reserves should not be included in the project budget. C. If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. D. Planning contingency reserves for a project is not practical. E. Contingency reserves have never been a concern when planning a project budget.

Description : According to the PMBOK guide, which of the following statements is  right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans ... not practical. E. Contingency reserves have never been a concern when planning a project budget.

Last Answer : A. Reserve analysis always plans contingency reserves for unexpected project scope and  project costs, which are part of your project budget.

Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A)Algorithmic model (B)Expert judgment (C)Top down (D)Analogy

Description : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A)Algorithmic model (B)Expert judgment (C)Top down (D)Analogy

Last Answer : (D)Analogy

computing the costs of a development project? (A)travel and training costs (B) hardware and costs (C) effort costs (the costs of paying engineers and managers) (D)All of the mention

Description : computing the costs of a development project? (A)travel and training costs (B) hardware and costs (C) effort costs (the costs of paying engineers and managers) (D)All of the mention

Last Answer : (D)All of the mention

Which of the following is not project management goal? a) Keeping overall costs within budget. b) Delivering to the customer at the agreed time. c) Maintaining a happy and well-functioning development team. d) Avoiding costumer complaints.

Description : Which of the following is not project management goal? a) Keeping overall costs within budget. b) Delivering to the customer at the agreed time. c) Maintaining a happy and well-functioning development team. d) Avoiding costumer complaints.

Last Answer : d) Avoiding costumer complaints.

The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

Description : The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

Last Answer : a. project management.

Which one of the following is captured in the Work Breakdown Structure (WBS)? A.The life cycle phases B.The logical order of tasks C.The scope of the project D. Project costs

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)?  A.The life cycle phases  B.The logical order of tasks  C.The scope of the project  D. Project costs

Last Answer : C.The scope of the project

Jim Smith, the project manager for a high-profile project, has permitted the users to add additional features to the systems project. The schedule and costs are now running over. This project suffers from poor standards.

Description : Jim Smith, the project manager for a high-profile project, has permitted the users to  add additional features to the systems project. The schedule and costs are now running  over. This project suffers from poor standards.

Last Answer : Ans: False

According to leading experts in software development, the margin of error when estimating project costs is 100% and the margin of error in project scheduling time is 25%.

Description : According to leading experts in software development, the margin of error when  estimating project costs is 100% and the margin of error in project scheduling time is  25%.

Last Answer : Ans: True

Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Description : Which of the following types of Organizational Charts can be BEST used to track project  costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

Last Answer : C. Resource Breakdown Structure

One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development. c. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

Description : One of the reasons a project life cycle is split into phases is to:  a. facilitate formal go/no-go decision making during the project.  b. balance the costs of work in each phase ... the major deployments of resources throughout the project.  d. chunk work into time periods of similar durations.

Last Answer : a. facilitate formal go/no-go decision making during the project.