Which of the Following Five Steps (Out of Six) of Cost

Multiple Choice

Which of the following five steps (out of six) of cost estimation is out of order?

A) Step 1: Define the cost object to be estimated.
B) Step 2: Determine the cost driver(s) .
C) Step 3: Collect relevant data on the cost of the cost object and the cost driver.
D) Step 4: Evaluate the accuracy of the cost estimate.
E) Step 5: Select and employ the estimation method.