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Accounting Assignment Sample

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Assignment Question Sample of MSFGN3006 - Estimate and Cost Job

The sample MSFGN3006 focuses on preparing job estimates and costings for furnishing and installation projects. The question paper includes material take-offs, labour scheduling, overhead allocation, contingency, profit margins, compliance with client specifications and safety.
 
Q1. What steps are involved in preparing a job estimate?
Ans. Identify scope; quantify materials; estimate labour hours; apply rates; include overheads, contingencies, profit; review for accuracy and client needs.

 

Q2. How do contingencies and allowances affect project pricing?
Ans. Contingencies cover unknown risks; allowances are provisional sums for known uncertainties; both protect margins and ensure realistic bids.

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Accounting Assignment Sample

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