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Commerce · Q419

Costing

Graduate and Post Graduate · Commerce · question 419

Q419

In cost accounting, conference, quantitative analysis and account analysis methods are considered as

A.
cost estimation methods
Answer
B.
price estimation methods
C.
unit estimation method
D.
variable estimation method

Answer: Option A

Solution

Answer: Option A
Solution:
In cost accounting, conference, quantitative analysis and account analysis methods are considered as cost estimation methods. Cost estimation methods provide a way for companies to anticipate the costs involved in business operations and new undertakings.