Choose the correct answer

1. It is considered a very useful and easier way to estimate costs. It makes use of the experience and judgment of managers and accountants who are familiar with the company operations and the way costs react to changes in activity level.

a. Conference Method b. Account Analysis c. Industrial Engineeringa. Formulating strategy b. Decision Making c. Audited Report d. Safeguarding assets e. Disclosure to employees f. None of thesea. Taxation b. Degree of Details c. Time Focus d. Dual Concept e. Estimates & Approx. f. Inter-disciplinary Relationship3. Rules Eat Regulations b. Degree of Details c. Time Focus [1. Dual Concept e. Estimates 3-! Approx. f. Objectives a. Potential b. Actual c. Intrinsica. Cost Accounting b. Financial Accounting c. Management Accounting