________ is a method in which the cost analyst draws a straight line through a plot of all the available data,and develops the cost function from this line.
A)Engineering analysis
B)Account analysis
C)The visual-fit method
D)Activity analysis

Question

Quizplus · Accepted Answer

The visual-fit method involves drawing a straight line through a plot of all available data points, visually fitting the line to the data, and using this line to develop the cost function. This method is a type of regression analysis and is commonly used in cost accounting. The other choices, engineering analysis, account analysis, and activity analysis, do not involve this specific method of developing a cost function.

________ Is a Method in Which the Cost Analyst Draws