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Workshop Calculation and Science Practice Test: Estimation And Costing
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Estimation is the process of predicting the cost of a  project by comparing it to a similar project that has already been completed.

Costing is the process of calculating the overall cost of a project, considering all aspects such as labor, materials, equipment costs, and taxes.


Related: Workshop Calculation and Science Practice Test: Profit & Loss

Workshop Calculation and Science Practice Test: Estimation And Costing
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25 Questions

1. Which one is the most reliable estimate?
2. What is the total estimation cost for making the component of 8 drilled hole dia 10 mm and 4 Numbers of M6 taps in the plate, if Rs.8/- per drilled holes and Rs.12 per drill and tap?
3. What is a total cost?
4. Which authority publishes schedule of rates?
5. What is the main factor to be considered while preparing a detailed estimate?
6. What is a hand book?
7. What is the total cost to assemble 10 personal computer systems, spares cost as given for one system: 1 TB hard disc Rs.4500/-, Intel i3 mother board Rs.7000/-, SMPS Rs.2500/-, monitor Rs.6000/-, keyboard Rs.1000/-, other material cost (Switches, USB, Cables etc.,) Rs.6500/-?
8. What percentage of water absorbed by a good building stone?
9. What is the term, for the details of materials, brand name, grade of quality, rating of current and voltage etc.?
10. Which of the following term not related to the total annual cost ?
11. Which is the example of supervisor?
12. What is the weight of the iron ball has volume of 250 cc and density 7.5 gm/cc?
13. What is the total cost of Air-conditioners installed in a college, 40 class room-each 1 Air- Conditioner, Computer lab 5 Air- conditioners and conference hall 5 Air-conditioners (Cost of one air conditioner Rs.30000/- including installation)?
14. Which of the following is not the part of the cost ?
15. What is the weight of a rectangular block of a cast iron of 250cm X 20cm X 8cm (density of cast iron is 7.8 gm/cm³)?
16. What cables are used for 132KV lines?
17. What is the relative permittivity of rubber?
18. What is the total estimation cost for mandrel, if density is 7.8 gm/cm² and material cost is Rs.240 kg?
19. The range in which there exists a relationship between level of activity or total cost is classified as
20. What is the name of a booklet, the rates of various terms are indicated?
21. Which standard schedule of rates to be considered for estimation?
22. What describes the detailed specification for the item of work?
23. Which one is included in machining estimation sheet?
24. Elements of cost of a product are
25. What is the total wattage in a room if 2 tube lights of 50W rating, 2 fans of 80W rating, 2 numbers of light points of 60W rating, one fan point of 60W rating and one 3 pin socket of 100W rating?

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