Cost estimating may be defined as – McqOptions

MCQOPTIONS

1.	Cost estimating may be defined as
A.	the process of forecasting the expenses that must be incurred to manufacture a product.
B.	the process of determination of an actual cost of a product after adding different expenses incurred in various departments
C.	the process of comparing actual cost with predicted cost.
D.	the process of reducing the cost.
Answer» B. the process of determination of an actual cost of a product after adding different expenses incurred in various departments

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