ESTIMATION & COSTING

The pre determination of the cost of article is termed as

•    Costing
•    Accounting
• Estimation
• Rating

For filling up tenders enquiries ____________ is essential.

•    Costing
• Estimation
•    Accounting
• Purchase order

The estimates are sent to the Sales Department for fixing up the

• Cost
• Profit
• Selling Price
• Loss

Cost estimates of different products in a plant is carried out by trained person called ___________

• Planner
• Designer
• Estimator
• Draughtman

Estimation is

• Finding profit
• Listing raw material
• Pre-determining the cost
• Designing

  To help the factory owner in deciding the manufacturing and selling policies is called as ___________

• Costing
• Estimation
• Manufacturing
• Designing

Estimation is done to determine

• Design part
• Manufacturing and selling policy
• For waste control
• Raw material Cost

The Aim of Estimating the cost of an item is

• To arrange the labour
• To arrange for the money
• To determine the total expenditure
• To determine raw material cost

Accurate estimate is very essential for

• Design
• Raw material
• Accounting
• To sustain the competition in the market

An accurate estimating is very necessary to compete in the market , whether manufacture of particular article will be _________

• profit
• loss
• both A & B
• Rating