Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assuming that the total cost provided were the nor

Assuming that the total cost provided were the normal cost. The optimistic cost were under-estimated...

90.2K

Verified Solution

Question

Accounting

Assuming that the total cost provided were the normal cost. The optimistic cost were under-estimated by 30%, and the pessimistic cost exceeded the normal cost by 20%. Prepare a budget using an appropriate estimation technique and justify your choice.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

What genetic and environmental influences do you think produced your specific pattern of personality? How do...

Civil Engineering
1.2K views

Calcium, magnesium, iron, manganese, nitrate, nitrite, chloride, and sodium are some of the most abundant ions present...

General Management
1.2K views

Consider again the company making tires for bikes is concerned about the exact width of their cyclocross...

Accounting
1.2K views

4. Vertical Analysis of Income Statement For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the...

Geometry
1.2K views

Use a trigonometric ratio to solve for a Round to two decimal places as necessary...

Basic Math
1.2K views

Determine between which consecutive integers the real zeros of f(x) = 3x-5x + 5x+7 are...

Statistics
1.2K views

Defects Answer O 09 6 S 3 Cl T 6 Hours of Training Step 2...

Algebra
1.2K views

Simplify the compound fractional expression 1 x 2 1 x 2 X X

Algebra
1.2K views

13 1 point Solve the system of equations using any method 2x 4y 11 3x...

Accounting
1.2K views

For the risk of inaccurate recording of disbursements, what is the most likely internal control...

Accounting
1.2K views

5) Bell Company had the following operating results: Inx rate Income Tax Paid Year Taxable...

Finance
1.2K views

Four graduates from the Graham School of Management at Saint Xavier University (i.e., Amy, Brad,...