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Cost Estimation Flashcards

7 cards from real AIC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. Which item is NOT typically included in labor burden when an estimator prices craft labor?

    Answer: Equipment depreciation

    Labor burden covers payroll taxes, insurance, and fringe benefits tied to wages, while equipment depreciation is an equipment ownership cost.

  2. A crew of 4 workers earns a base wage of $40/hour with a 35% labor burden. What is the crew's cost for one 8-hour day?

    Answer: $1,728

    4 workers x $40 x 1.35 x 8 hours = $1,728.

  3. How many cubic yards of concrete are needed for a slab 60 ft by 40 ft by 6 inches thick, before waste?

    Answer: 44.4 CY

    60 x 40 x 0.5 = 1,200 CF, and 1,200 / 27 = 44.4 CY.

  4. A drywall crew installs 1,200 SF per crew-day. How many crew-days are required to hang 9,600 SF?

    Answer: 8

    9,600 SF / 1,200 SF per crew-day = 8 crew-days.

  5. A floor requires 1,000 SF of tile and the estimator applies a 10% waste factor. How much tile should be priced?

    Answer: 1,100 SF

    1,000 SF x 1.10 = 1,100 SF including waste.

  6. Under the AACE International estimate classification system, which class is prepared with the most complete project definition and has the narrowest expected accuracy range?

    Answer: Class 1

    Class 1 (definitive/check estimate) is based on nearly complete project definition and has the tightest accuracy range.

  7. Which of the following is an equipment operating cost rather than an ownership cost?

    Answer: Fuel

    Fuel is consumed only when equipment runs, making it an operating cost, while the others accrue whether or not the machine works.

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