Penny's TV and Appliance Store is a small company that has the following information pertaining to current year operations.

Sales (2,000 televisions)	$900,000
Cost of goods sold	400,000
Store manager's salary per year	70,000
Operating costs per year	157,000
Advertising and promotion per year	15,000
Commissions (4% of sales)	36,000

Which cost estimation method is being used by Penny's TV and Appliance Store?

Question 7Select one:

a.the quantitative analysis method

b.the conference method

c.the industrial engineering method

d.the account analysis method

e.the high-low method