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Question 6 : Job Costing (15 marks) Answer each of the following questions: 1. List the steps in estimating a cost function using quantitative analysis

Question 6: Job Costing (15 marks)

Answer each of the following questions:

1. List the steps in estimating a cost function using quantitative analysis

2. What are the cost estimation methods used by companies (only list)

3. What are the assumptions that managers make to estimate the cost functions

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