Question

Estimated cost sheet is based on predictable cost figures which are estimated by looking at past figures and analysing the _______ situation.

• A. current
• B. past
• C. future
• D. past or future

Hint:

$\text{Estimated Cost} = \text{Past Baseline Cost} \times (1 \pm \text{Forecasted Change Coefficient})$. Always adjust historical data for anticipated future price shifts!

Answer 1

The Correct Option is C