Q.1        Usually, in contract management, contractual deliverables are spelled out even before the project is implemented. As an expert in this field, make a three (3) paged presentation describing how you can prepare for contract management and why?

Q: Explain the The External Environment of ICBC with the following points.

A: Solution- An external environment is composed of all the outside factors or influences that impact…

Q: Who should be responsible for coordination of work done in each of the following cases and provide…

A: The contact has been given by the owner to the contractor in order to get any work done.

Q: Give detail definition on operational cost and explain in detail how the operational cost is…

A: Introduction:- The following definition of operational cost as follows under:- Operating costs are…

Q: Identify the following users as either an internal (I) or an external (E) user. Human resources…

A: “As only one item is given in the question, it is assumed this particular answer is asked by the…

Q: Describe the procedure of handling unequal service life problems in Replacement Analysis?

A: Answer: While undertaking the replacement decisions, businesses also consider various alternatives.…

Q: What are the importance of setting service standards

A: Service standards are important for potential customers, prospective consumers, staff, and…

Q: What are the steps to achieve conformance to specification?

A: Conformation to specification:   This refers to the regulatory requirements of an organization. The…

Q: Please explain with examples briefly benefits of accounting system for automated cost accounting?

A: Cost accounting: It is a form of managerial accounting which focuses on calculation of company's…

Q: Explain the costbenefits principles and how this affects the reliability and relevance of the…

A: Relevance refers to the concept or an idea that whatever information that is provided by the…

Q: Define the term completion of job.

A: Completion of work means that the Project/Works have been completed  operationally and structurally…

Q: Differentiate between contract costing and service costing. Provide your answer in table form with 4…

A: Contract costing is a costing method used in contracts. Service costing is a costing method used in…

Q: Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs…

A: Introduction: Costs of product: Amount spent for making the product in to a finished goods from raw…

Q: List 7 industries which are most likely to apply contract costing in their operation

A: Contract Costing- It is specific order costing where work is undertaken according to customer's…

Q: Why do technical analysis? Explain how and why technicians utilize it, and how it may assist time…

A: Technical analysis is a type of analysis that is used to predict the changes in the market.…

Q: 7. Which project delivery method allows for the "Shortest Schedule and for overlap of design,…

A: There are Mainly three methods for delivery which includes Design/Bid/Build  Design/Build…

Q: Piscuss 3 uses of a Čost of Production Report. Also dis

A: Definition and explanationThe cost of production report (CPR) may be a document utilized in method…

Q: ion and modeling, but the role simulation and modeling plays in T&E.

A: Modeling and Simulation (M&S) in Test and Evaluation (T&E) generates test data to aid in the…

Q: 0) A large project usually involves a large number of activities Management need some way to…

A: Work breakdown structure: It is a structure which gives the outline of a project going to be done.…

Q: Define and explain the cost management information system's two major subsystems.

A: Cost management information system refers to the system which is related with the manufacturing the…

Q: Explain and illustrate types of Musharakah contracts

A: Musharakah Contracts: In Islamic Accounting it is a type of contract that is formed between two…

Q: What is a joint production process? Describe a special decision that commonly arises in the context…

A: Joint production process: A joint production process results in two or more products, called as…

Q: . Designing a new product is an example of: a. Unit-level activity b. Batch-level activity…

A: Activity based costing is a type of costing system in which all indirect costs or overheads are…

Q: Define the term Contract Modifications.

A: Accounting: Accounting is an art of collecting, recording, summarizing and presenting the financial…

Q: Define the term performance obligations.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: ontr

A: Definition of a Contract: A contract is a legally enforceable agreement. It might be a promise to do…

Q: Discusses the activities and content-oriented issues involved in entering into and contracting for…

A: The activities involved in entering into and contracting for an OD initiative are -

Q: Discuss the difficulties associated with manual cost accounting and how the organization may improve…

A: Various difficulties associated with manual cost accounting system are as under : a.) Manual entry…

Q: The term of Final Payment. Effects of Final Payment.

A: A contract is made so that the work can be done legally and both are bond to fulfill their portion…

Q: Explain the term overhead absorption rate and briefly explain how an entity may select a  suitable…

A: In accounting, the term "absorption rate" typically refers to the overhead absorption rate or…

Q: Product Design essentially involves Value Engineering'. A 'Value Engineering' is performed through…

A: Value engineering in product design: Value engineering is a cost reduction strategy aims to produce…

Q: How different in management accounting from cost accounting? Provide a brief commentary in two…

A: Definition: Accounting: Accounting is the process of recording, summarizing, and reporting all the…

Q: Differentiate between fundamental and technical anomalies.

A: Market anomalies are exceptions to the hypothesis theory of market efficiency.

Q: objectives of the accumulation and reporting of cost accounting information

A: Cost accounting information is the information regarding costs regarding activities, processes, or…

Q: need distrebution the cost of service centers to the production center.

A: Overhead is the cost that is directly involved in the production process of the company. It is…

Q: Segment Reporting With respect to interim reporting, FASB addresses examples of costs that benefit…

A: Interim reporting refers to the reporting of the financial results of any period that is shorter…

Q: explain and describe the various costing method in management accounting.outline their advantagesand…

A: Using product costing procedures, a cost is allocated to a product. The most frequent costing…

Q: 4 Human resource management is an example of an activity at which of the following levels?…

A: Human resource management (HRM) is fundamentally an organization-sustaining activity because it…

Q: 8 Setting up equipment is an example of an activity at which of the following levels? Select one:…

A: Detailed explanationd. Batch-level activity.  The setting up of equipment fall under batch level…