The method of cost estimation that analyses accounting records to determine future cost patterns is called engineered cost analysis.

Question

Quizplus · Accepted Answer

The method described is known as historical cost analysis, which uses past cost data to predict future costs. Engineered cost analysis, on the other hand, involves a detailed analysis of what it should cost to produce a product or service under current conditions.

The Method of Cost Estimation That Analyses Accounting Records to Determine