Week 10

TYPES OF COSTS EXERCISE

Instructions: This exercise will provide you the opportunity to provide an analysis of types of costs within the Week 2 Business Case project you selected. Again, copy and paste your Business Case below.

Next, you will fill in each of the sections in the table below. For each cell provide a 1) brief definition of the type of cost, 2) identify a specific resource cost within your project that fits this type of cost and then 3) explain why this cost fits the definition.

Business Case:

News source (APA reference): Jeff Kiger, (2020). A new fitness center is on the way for Northwester Rochester. Retrieved from https://www.postbulletin.com/business/small-business/6520787-A-new-fitness-center-is-on-the-way-for-Northwest-Rochester

Web address: https://www.postbulletin.com/business/small-business/6520787-A-new-fitness-center-is-on-the-way-for-Northwest-Rochester.

City: Rochester

Elevator Pitch - the anytime fitness workout studio is planning to put up a fitness center and you 7360 square foot building on open land at 4181 space 31st Ave behind an O’Reilly auto parts Store and across 31st Ave from Mayo clinic’s 41st street campus later in the year. the project is geared at providing a 24 hour exercising center where members can access weights and cardio machines to improve their general health. The fitness workout studio will offer residence of Rochester an opportunity to work out anytime of the day. The residents will be expected to subscribe for a membership to benefit from the center once its construction is complete.

Fixed: 1. 2. 3.	Variable: 1. 2. 3.
Direct: 1. 2. 3.	Indirect: 1. 2. 3.
Recurring: 1. 2. 3.	Nonrecurring: 1. 2. 3.
Regular: 1. 2. 3.	Expedited: 1. 2. 3.
Internal: 1. 2. 3.	External: 1. 2. 3.
Lease: 1. 2. 3.	Purchase: 1. 2. 3.
Labor: 1. 2. 3.	Material: 1. 2. 3.
Estimate: 1. 2. 3.	Reserve: 1. 2. 3.