Vidyalelo
Commerce · Q371

Costing

Graduate and Post Graduate · Commerce · question 371

Q371

Relationship based on unrelated level of activity and past data of cost is measured with help of

A.
cost estimation
Answer
B.
price estimation
C.
unit estimation
D.
production estimation

Answer: Option A

Solution

Answer: Option A
Solution:
Relationship based on unrelated level of activity and past data of cost is measured with help of cost estimation. Cost estimation is the art of assigning value.