The high-low method, the scatter-graph method, regression analysis & account analysis are. Four methods were used for building the mixed cost equation (Y = f + vX). Each method has advantages and shortcomings. 

Explain how each method works and provide the advantages and disadvantages of using each method.

Answer rating: 100% (QA)

1HighLow Method The highlow method is a basic technique used to separate fixed costs from variable costs by analyzing the highest and lowest levels of activity within a given period It involves the fo... View the full answer