The Measured Mile approach utilizes costs per unit put in place incurred during a specific time in the project when production should be appropriate for that unit

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This is correct. The Measured Mile method compares costs incurred during a specific time period when the project is expected to be running at full production with costs incurred during other periods. These costs are divided by the number of units put in place during that time period to calculate costs per unit. This information is useful for estimating and reducing costs on future projects.

The Measured Mile Approach Utilizes Costs Per Unit Put in Place