Which method of cost estimation does not rely primarily on historical cost data? What are the drawbacks

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Which method of cost estimation does not rely primarily on historical cost data? What are the drawbacks of this method?

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Managerial Accounting An Introduction to Concepts Methods and Uses

ISBN: 978-0324639766

10th Edition

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil

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Question Posted: May 31, 2012 04:20 AM

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Which method of cost estimation does not rely primarily on historical cost data? What are the drawbacks

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Managerial Accounting An Introduction to Concepts Methods and Uses

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