Cost Estimation Methods Multiple Choice Questions with Answers – PDF Download

Industrial engineering method is used to analyze the relationship between

1. marketing and financing
2. price and costs
3. input and output
4. units and batches

An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as

1. manufacturing analysis method
2. price analysis method
3. unit analysis method
4. account analysis method

The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as

1. conference method
2. inference method
3. pricing method
4. manufacturing method

The work measurement method of cost estimation is also called

1. price engineering method
2. industrial engineering method
3. measuring engineering method
4. unit engineering method

The cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as

1. quantitative analysis method
2. qualitative analysis method
3. account analysis method
4. conference analysis method