______ is the application of cost measures to expected future activity levels to forecast future costs.
A)Activity analysis
B)Cost prediction
C)Measurement of cost behavior
D)A cost function

Question

Quizplus · Accepted Answer

Cost prediction involves applying cost measures to anticipated future activity levels in order to forecast future costs. This process is essential for budgeting, planning, and decision-making in businesses.

______ Is the Application of Cost Measures to Expected Future