Which cost estimation method uses time-and-motion studies to reveal that to make a high quality men's suit jacket , it takes of 3 hours of direct labor effort per jacket and 5 minutes of a salaried manager to perform quality control?
A) the accrual accounting method
B) the high-low method
C) the industrial engineering method
D) the cash accounting method

Question

Quizplus · Accepted Answer

The industrial engineering method uses time-and-motion studies to determine the labor hours required to complete a task or project. In this case, it reveals that 3 hours of direct labor effort (presumably at an hourly rate) and 5 minutes of a salaried manager's time are necessary to produce one high-quality men's suit jacket.

Which Cost Estimation Method Uses Time-And-Motion Studies to Reveal That