Managers analyze production activities and assign costs based on the estimated amount of resources used when they use this method:
A) A scatter plot
B) The high-low method
C) Regression analysis
D) Engineered estimate of cost

Question

Quizplus · Accepted Answer

The engineered estimate of cost is the most appropriate method for assigning costs based on the estimated amount of resources used, as it involves a detailed analysis of the inputs required for production and their costs. The high-low method and regression analysis are used for cost estimation and analysis, but not necessarily for cost assignment. A scatter plot is a graphical representation of data and is not a method for assigning costs.

Managers Analyze Production Activities and Assign Costs Based on the Estimated