Question Details

The account analysis method of cost estimation




1) The quantitative analysis method of cost estimation is based on opinions from various departments and is quick and of low cost to apply. 


2) The account analysis method of cost estimation classifies account costs as fixed, mixed, or variable using qualitative judgments. 

3) The account analysis method estimates cost functions by classifying various cost accounts as variable, fixed, or mixed with respect to the identified level of activity.


4) The quantitative analysis method uses a formal mathematical method to identify cause-and-effect relationships among past data observations. 




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