Cost Estimation Methods: Account Analysis and Engineering Methods. Cost Accounting. CPA Exam BAR

IN this video, I discuss cost estimation methods. Two of the techniques of cost estimation is account analysis and engineering methods.
✔️Accounting students and CPA Exam candidates, check my website for additional resources: farhatlectures.com/
📧Connect with me on social media: linktr.ee/farhatlectures
#cpaexam #costaccounting#accountingstudent
There are three types of cost estimation classified according to their scope and accuracy. These are (1) order of magnitude estimate; (2) budget estimate; and (3) definitive estimate.

[@jazmineroman]

Hi professor, thank you, very throughly explained. Why isn’t direct labor cost used?

[@faiqmarhoon9669]

Thanks, professor. Really helpful.

[@AccountingLectures]

Most welcome.

[@tahaseflek9698]

why didn't we use direct labor costs ($180.000)