Question

4
Value analysis is
a) Cost reduction technique
c) Cost accountancy
b) Cost analysis
d) All of the above​

Answer 1

Answer:

==>> b) Cost analysis

Explanation:

• In other words, the cost analysis is concerned with determining money value of inputs (labor, raw material), called as the overall cost of production which helps in deciding the optimum level of production. ... The accounting costs are used for taxation purposes and calculating the profit and loss of the firm.