Cost Estimation Method Managers Use Cost Estimation To Measure Relationships Based On Previous Costs Incurred For The Same Production Activity Levels Accounting Assignment Homework Help

Chapter 10 introduces cost estimation methods. Managers use cost estimation to measure relationships based on previous costs incurred for the same production activity levels.

On pages 376-379, four basic cost estimation methods are introduced:

  • Industrial Engineering Method
  • Conference Method
  • Account Analysis Method
  • Quantitative Analysis Method

Please respond to all of the following prompts:

Choose one of these four methods to discuss in detail. In your main response posting, be sure to address the following elements for the method chosen:

  • Important information provided
  • Assumptions used
  • Advantages and/or disadvantages associated with the method

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