Lecture Fundamentals of cost accounting - Chapter 5: Cost estimation
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When managers make decisions they need to compare the costs (and benefits) among alternative actions. In this chapter, we discuss how to estimate the costs required for decision making. Let’s meet Charlene, the owner of Charlene’s Computer Care (3C). In this chapter we are going to help Charlene estimate costs. Three methods used to estimate costs are: engineering estimates, account analysis, and statistical methods.
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Lecture Fundamentals of cost accounting - Chapter 5: Cost estimation
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Lecture Fundamentals of cost accounting - Chapter 5: Cost estimation
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