Analyzing Estimate Costs Concepts
Analyzing Estimate Costs Discussion Cost estimation involves the use of a familiar accounting and finance tool: cost/benefit analysis. Through cost/benefit analysis, managers can explore and evaluate multiple alternatives to choose the one most beneficial to the organization’s bottom line. When evaluating alternatives, it is imperative that comparisons are “apples to apples;” that is, when estimating costs across multiple alternatives, cost data must be expressed in […]