The methods that use subjective assessments to choose a cost driver and to estimate the fixed and variable components of the cost function are:
A)conference and quantitative.
B)conference and regressions.
C)conference and simple regression.
D)conference and account analysis.
E)conference and industrial engineering.

Question

Quizplus · Accepted Answer

The methods that use subjective assessments to choose a cost driver and to estimate the fixed and variable components of the cost function are conference and account analysis. Conference involves discussions and consultations between management and employees while account analysis involves using judgment to classify various accounts as variable or fixed. Therefore, the best choice is D.

The Methods That Use Subjective Assessments to Choose a Cost