The method of cost estimation which studies the physical relation between the quantities of inputs and output is known as:
A)regression.
B)account analysis.
C)engineering methods.
D)All of the answers are correct.

Question

Quizplus · Accepted Answer

Engineering methods are based on studying the physical relation between the quantities of inputs and output, making it the correct answer. Regression analysis is a statistical technique based on historical data, while account analysis involves analyzing each account in the financial statements separately. Therefore, options A and B are incorrect. Option D is not the best choice as it includes all options, including options that are not correct.

The Method of Cost Estimation Which Studies the Physical Relation