Cost and Price Analysis

  1. Discuss both direct and indirect labor costs. Provide a minimum of three examples for each cost and explain how companies can estimate them using the Work Breakdown Structure (WBS). Justify your response with real examples in the business industry.
  2. Discuss the different types of nonlabor costs for a project like direct materials. Develop a list that includes common direct costs associated with a business that are not labor related.

Sample Solution