Relationship based on unrelated level of activity and past data of cost is measured with help of
A. cost estimation
B. price estimation
C. unit estimation
D. production estimation
Answer: Option A
Solution(By Examveda Team)
Relationship based on unrelated level of activity and past data of cost is measured with help of cost estimation. Cost estimation is the art of assigning value.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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