Conference method
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Conference method is approach to cost function estimation on the basis of analysis and opinions about costs and their drivers gathered from various departments of a company (purchasing, process engineering, manufacturing, employee relations, and so on).
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Conference method. Approach to cost function estimation on the basis of analysis and opinions about costs and their drivers gathered from various departments of a company (purchasing, process engineering, manufacturing, employee relations, and so on).
