Knowee
Questions
Features
Study Tools

Which three of the following items are examples of direct costs for your project?1 pointWages and salaries of employees and contractors Staff trainingMaterials costsUtilitiesGeneral office equipment

Question

Which three of the following items are examples of direct costs for your project?1 pointWages and salaries of employees and contractors Staff trainingMaterials costsUtilitiesGeneral office equipment

🧐 Not the exact question you are looking for?Go ask a question

Solution

The three items that are examples of direct costs for your project are:

  1. Wages and salaries of employees and contractors: These are direct costs because they are directly associated with the project. The employees and contractors are working specifically on the project, so their wages and salaries are a direct cost.

  2. Staff training: If the training is specifically for the project, then it is a direct cost. The training is necessary for the project to be completed, so it is directly associated with the project.

  3. Materials costs: The cost of materials needed for the project is a direct cost. These materials are necessary for the completion of the project, so their cost is directly associated with the project.

General office equipment and utilities are considered indirect costs because they support the project but are not directly associated with it. They are necessary for the project, but they are not specific to the project.

This problem has been solved

Similar Questions

All of the following are manufacturing costs except:Multiple choice question.direct materialsoffice salariesdirect laboroverhead costs

Indirect costs include all the following EXCEPT:Equipment/instrument purchase and/or lease expensesNon-testing personnel salaryLab director and supervisor salariesTechnologist salary

Mention two examples of costs incurred in an information technology project which can be described as both indirect cost and fixed cost. (10 marks)举出信息技术项目中发生的成本的两个例子,这些成本可以被描述为间接成本和固定成本。

Which of the following is a direct project cost?a.Piping for an irrigation projectb.Lighting and heating for the corporate officec.Workers Compensation insurance

Direct expenses are expenses that can be directly identified with a specific cost unit or cost center.Question 13AnswerTrueFalse

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.