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Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as

A. conference method

B. inference method

C. pricing method

D. manufacturing method

Answer: Option A

Solution(By Examveda Team)

Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as conference method. The conference method is an approach to cost estimation that pools together data, analyses, and knowledge from expert sources in order to make decisions about costs.

This Question Belongs to Commerce >> Costing

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