Question 6 The results of cost estimating can be used to ser

Question 6 The results of cost estimating can be used to serve all of the following objectives, except A. Benchmarking of a firm\'s productivity improvements B. Evaluating the optimal capital required to make improvements to products (product design) C. Cost estimating doesn\'t really make sense to engineers. It is the responsibility of accountants. D. Setting selling prices in evaluating engineering contract projects E. None of the above

Solution

All of the options are apt as benchmarking of firms productivity is the function of direct and indirect cost hence cost estimating is required

Optimal capital requirement evaluation is based on cost estimation

Cost estimaition makes moree sense to engineers as good as accountants

to set selling price for mark up we need to know the cost

hence none of the above to be chosen.

Option E is correct answer