Answer the following question(s)using the information below.Penny's TV and Appliance Store is a small company that has the following information pertaining to current year operations.
-Which cost estimation method is being used by Penny's TV and Appliance Store?
A)the industrial engineering method
B)the conference method
C)the high-low method
D)the quantitative analysis method
E)the account analysis method

Question

Answer the following question(s)using the information below.Penny's TV and Appliance Store is a small company that has the following information pertaining to current year operations. 
-Which cost estimation method is being used by Penny's TV and Appliance Store?
A)the industrial engineering method 
B)the conference method 
C)the high-low method 
D)the quantitative analysis method 
E)the account analysis method

Quizplus · Accepted Answer

The account analysis method involves reviewing each account in the general ledger to classify costs as either fixed or variable, which is a common approach for businesses like retail stores.

Answer the Following Question(s)using the Information Below