Material Cost Mastery for Electrical Installations

Froggy Jumps

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About this activity

Costing materials accurately

Created by

Aratoc Musa

Philippines

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Froggy Jumps Material Cost Mastery for Electrical InstallationsOnline version Costing materials accurately by Aratoc Musa 1 What is the direct material cost in a project? a Cost of materials actually used in the project b Cost of installed labor c Overhead and profit only 2 A cable is needed 150 m at $2.5/m. What is the direct material cost? a $300 b $375 c $450 3 If wastage is estimated at 5%, how should it affect material cost? a Multiply by labor rate b Add the wastage to the material quantity c Subtract from material cost 4 Which item is NOT a direct material cost? a Cable lengths b Site superintendent salary c Conduit fittings 5 A quantity takeoff shows 40 outlets, each outlet box costs $0.8. Direct material cost is? a $16 b $32 c $48 6 What is the role of a material cost?. a To calculate project duration b To determine the total expense for materials used c To set labor rates 7 You receive a 10% bulk discount on $600 of materials. What is the discount amount? a $60 b $120 c $6 8 If transport adds $15 and tax adds 8% to material cost, how do you compute total? a Add tax only b Add transport only c Apply tax to material cost then add transport 9 Which of these affects material cost the most in budgeting? a Employee morale b Site location c Quantity takeoff accuracy 10 What does markup on material cost typically cover? a Labor cost only b Equipment depreciation only c Overhead and profit

Froggy Jumps

Material Cost Mastery for Electrical InstallationsOnline version

Costing materials accurately

by Aratoc Musa

What is the direct material cost in a project?

Cost of materials actually used in the project

Cost of installed labor

Overhead and profit only

A cable is needed 150 m at $2.5/m. What is the direct material cost?

$300

$375

$450

If wastage is estimated at 5%, how should it affect material cost?

Multiply by labor rate

Add the wastage to the material quantity

Subtract from material cost

Which item is NOT a direct material cost?

Cable lengths

Site superintendent salary

Conduit fittings

A quantity takeoff shows 40 outlets, each outlet box costs $0.8. Direct material cost is?

$16

$32

$48

What is the role of a material cost?.

To calculate project duration

To determine the total expense for materials used

To set labor rates

You receive a 10% bulk discount on $600 of materials. What is the discount amount?

$60

$120

If transport adds $15 and tax adds 8% to material cost, how do you compute total?

Add tax only

Add transport only

Apply tax to material cost then add transport

Which of these affects material cost the most in budgeting?

Employee morale

Site location

Quantity takeoff accuracy

What does markup on material cost typically cover?

Labor cost only

Equipment depreciation only

Overhead and profit

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Material Cost Mastery for Electrical Installations

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Material Cost Mastery for Electrical InstallationsOnline version

by Aratoc Musa

What is the direct material cost in a project?

A cable is needed 150 m at $2.5/m. What is the direct material cost?

If wastage is estimated at 5%, how should it affect material cost?

Which item is NOT a direct material cost?

A quantity takeoff shows 40 outlets, each outlet box costs $0.8. Direct material cost is?

What is the role of a material cost?.

You receive a 10% bulk discount on $600 of materials. What is the discount amount?

If transport adds $15 and tax adds 8% to material cost, how do you compute total?

Which of these affects material cost the most in budgeting?

What does markup on material cost typically cover?