Answered

Which are the best examples of costs that should be considered when creating a project budget?
Oover budget and under budget
production costs and capacity
cost of living and allocated costs
total budget and allocated costs



Answer :

GinnyAnswer

Final answer:

When creating a project budget, consider fixed costs, variable costs, and financial contingencies for accurate planning and financial management.


Explanation:

Cost Considerations for Project Budgeting

When creating a project budget, it's important to consider various costs to ensure accurate planning and financial management:

  • Fixed Costs: Expenses that remain constant, like rent for facilities.
  • Variable Costs: Expenses directly tied to production, such as raw materials.
  • Financial Contingencies: Budget contingencies to account for the risk of overspending.

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