A North Miami Beach trade unit cost is $37.10 against a baseline of $41.60. What status should be reported?
Correct Answer
C) under baseline
Unit-cost status compares current unit cost with the baseline unit cost.
Why This Is the Correct Answer
Unit-cost status compares current unit cost with the baseline unit cost.
Why the Other Options Are Wrong
Option A: schedule float used
schedule float used does not follow the measured scope, unit conversion, allowance, coverage, or final rounding required for unit-cost status.
Option B: permit status open
permit status open does not follow the measured scope, unit conversion, allowance, coverage, or final rounding required for unit-cost status.
Option D: retainage released
retainage released does not follow the measured scope, unit conversion, allowance, coverage, or final rounding required for unit-cost status.
Memory Technique
Cost Engineer takeoff: count the condition before counting the package.
Reference Hint
Open-book path: tab Builder's Guide to Accounting, 2001 to Builder's Guide to Accounting, Unit-cost reports and cost-control comparisons; verify the trade cost, production, or field-control rule before answering.
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