Which method of cost estimation does not use the company records as its primary source of cost-activity data?
A) Engineering estimates
B) Regression analysis
C) Account analysis
D) High-low method

Question

Quizplus · Accepted Answer

Engineering estimates rely on technical analysis and expertise rather than historical company records to estimate costs. This method often involves assessing the resources needed for a project and estimating costs based on industry standards, supplier quotes, and the experience of engineers, rather than analyzing past company financial records.

Which Method of Cost Estimation Does Not Use the Company