Success of cost reduction initiatives are evaluated by accurate
A. cyclical factors
B. indexed technique
C. price estimation
D. cost estimation
Answer: Option D
Solution(By Examveda Team)
Success of cost reduction initiatives are evaluated by accurate cost estimation. A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process.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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