Which of the following cost estimation methods is typically more expensive to use to analyze a company's costs?
A) High-Low method
B) Account analysis
C) The costs would be relatively the same amount using each method
D) Cannot be determined

Question

Quizplus · Accepted Answer

Account analysis often requires a detailed review of accounting records and possibly interviews with personnel, making it more time-consuming and expensive compared to the high-low method, which uses only two data points to estimate costs.

Which of the Following Cost Estimation Methods Is Typically More