Vidyalelo
Commerce · Q412

Costing

Graduate and Post Graduate · Commerce · question 412

Q412

Fifth step in quantitative analysis of estimating cost function is to

A.
estimate cost function
Answer
B.
estimate price function
C.
estimate supply function
D.
estimate demand function

Answer: Option A

Solution

Answer: Option A
Solution:
Fifth step in quantitative analysis of estimating cost function is to estimate cost function. A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process.