CDT Cost Estimation & Budgeting 3

Question 1

Which cost category includes expenses such as facility rent, insurance, and management salaries that do not vary with production output?

Accepted Answer

Fixed overhead costs

Answer

Fixed overhead costs remain constant regardless of production volume and include expenses like rent, insurance, and management salaries.

Question 2

On a CDT exam project, a quantity takeoff shows 1,450 LF of 2×6 framing lumber. If the unit cost is $0.85/LF, what is the estimated material cost?

Accepted Answer

$1,232.50

Answer

1,450 LF × $0.85/LF = $1,232.50 is the total estimated material cost for the framing lumber.

Question 3

Which document formally establishes the approved total project budget and serves as the baseline for cost control?

Accepted Answer

Cost baseline

Answer

The cost baseline is the approved, time-phased project budget that serves as the reference point for measuring and controlling cost performance.

Question 4

When converting a schematic design estimate to a design development estimate, accuracy typically improves because:

Accepted Answer

More project details and specifications are defined

Answer

As design progresses and more details are defined, estimators can replace assumptions with actual quantities and specifications, improving accuracy.

Question 5

A drafter is tasked with creating a cost estimate for a custom weldment. Which drawing type provides the most complete information for material cost takeoff?

Accepted Answer

Detail drawing with weld symbols and material callouts

Answer

A detail drawing with weld symbols and material callouts specifies exact dimensions, material grades, and weld types needed for accurate fabrication cost estimation.

(CDT) Certified Drafting Technician Practice Test

(CDT) Certified Drafting Technician Practice Test

CDT Cost Estimation & Budgeting 3