Which Cost Estimation Method Analyzes Accounts in the Subsidiary Ledger

question 171

Multiple Choice

Which cost estimation method analyzes accounts in the subsidiary ledger as variable,fixed,or mixed using qualitative methods?

• A) the account analysis method
• B) the conference method
• C) the marginal costing method
• D) the incremental costing method

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Definitions:

Voucher System

A method of accounting in which a record is kept for each transaction, detailing the necessary approvals and documentation.

Source Documents

Original records that provide evidence of financial transactions, such as receipts, invoices, or bank statements.

Invoice

A document detailing a transaction between a buyer and seller, including the quantities, prices, terms, and conditions of sale.