Managers analyse production activities and assign costs based on the estimated amount of resources used when they use this method.
A) A scatter plot
B) The high-low method
C) Regression analysis
D) Engineered estimate of cost

Question

Quizplus · Accepted Answer

The statement describes the Engineered estimate of cost, where managers analyze production activities and assign costs based on the estimated amount of resources used. The other methods (scatter plot, high-low method, and regression analysis) may be used for cost analysis, but they do not specifically match the description provided in the statement.

Managers Analyse Production Activities and Assign Costs Based on the Estimated