Sample Solution for MSFGN3006 - Estimate and cost job

1. Can you provide examples of other costs that may need to be estimated when costing a job in your industry? Write your answer using 140-160 words.

2. Your company is tasked with providing a set of custom-built furniture for a client. After assessing the job, you have estimated the direct material costs to be $2,000 and the direct labour costs to be $1,500. If additional estimated costs include transportation and handling fees of $300 and miscellaneous expenses of $200, how would you calculate and document the total cost of providing this product to the client? Write your answer using 100-120 words.

3. Your company is tasked with providing a set of custom-built furniture for a client. After assessing the job, you have estimated the direct material costs to be $2,000 and the direct labour costs to be $1,500. If additional estimated costs include transportation and handling fees of $300 and miscellaneous expenses of $200, how would you calculate and document the total cost of providing this product to the client? Write your answer using 100-120 words.