Managers use cost estimation to measure relationships based on previous costs incurred for the same production activity levels.

The four basic cost estimation methods are:

Industrial Engineering Method

Conference Method

Account Analysis Method

Quantitative Analysis Method

Choose one of these four methods to discuss in detail. In your main response posting, be sure to address the following elements for the method chosen:

Important information provided

Assumptions used

Advantages and/or disadvantages associated with the method

PLEASE ANSWER COPY AND PASTE NOT ATTACHMENT

ANSWER THROUGLY PLEASE