Methods of Cost Estimation

We will consider given cost estimation methods commonly employed, namely as:

a. High Low Activity method

b. Engineering Analysis

c. Account Analysis

d. Visual Fit as Scatter graph method

e. Learning curve Theory

f. Easy linear regression analysis

Posted Date: 2/5/2013 3:18:57 AM | Location : United States

Ask an Expert

Related Discussions:- Methods of cost estimation, Assignment Help, Ask Question on Methods of cost estimation, Get Answer, Expert's Help, Methods of cost estimation Discussions

Write discussion on Methods of cost estimation
Your posts are moderated

Write your message here..

Related Questions

Evaluate equivalent annual cost, An industrial drill costs $60.000 to purch... An industrial drill costs $60.000 to purchase and $10,000 to install seven years ago. The market value now is $33.000 and this will decline by 12% of current value each year for th

Relationship among variances, Relationship among variances We cannot o... Relationship among variances We cannot over emphasize the central aim of variance analysis as outlined in the above paragraphs:  that is to assign responsibility for a particu

Cost and budget, Frame-it Ltd is a manufacturer of metal picture frames. Th... Frame-it Ltd is a manufacturer of metal picture frames. The firm's two product lines are designate S (small frames: 12 x18 cm) and L (large frames: 20 x 25 cm). The primary raw mat

Marginal and absorption cost, worked examples of marginal and absorption co... worked examples of marginal and absorption cost

Calculate average cost to manufacture, Sony manufactures battery for Iphone... Sony manufactures battery for Iphone 6+. The average costs to manufacture batteries are $4 for 10,000 ad $2.67 for 30,000. Assuming the total cost function is linear, what will be

Standard costing, Standard Costing A standard cost is a predetermined ... Standard Costing A standard cost is a predetermined calculation of how much is supposed to be incurred under specific particular working conditions. It is not an average of pa

Variable cost, how variable cost help in decision making.with suitable exam... how variable cost help in decision making.with suitable example

How much should the selling price be per unit, Pritchard Company manufactur... Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated on the basis of the number of units produced. Selling pri

Effective annual rate, The credit term from the supplier is 2/30, net 60. ... The credit term from the supplier is 2/30, net 60. Requirements: Write the calculation Determine the effective annual rate if the firm does not take the discount.

Valuation of work in progress, Valuation of Work In Progress The con... Valuation of Work In Progress The concept of Equivalent units It is a notional quantity of completed goods in the production process. This is a collection of work applic