When using the high-low method, should you base the high and low observations on the dependent variable
Question:
When using the high-low method, should you base the high and low observations on the dependent variable or on the cost driver?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Causality in a cost function runs from t...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Using the high low method 1 Estimate the variable cost per wedding 2 Compute the total fixed cost per month 3 Write out the equation for the cost structure of Something New explain each variable 4...
-
Georgia bleadown company uses the high low method to analyze production costs. The following information related to the production data for the first six months of the year. What is the estimated...
-
When you get a surprisingly low price on a product do you assume that you got a really good deal or that you bought a low-quality product? Research indicates that you are more likely to associate low...
-
Consider n x n real matrices A satisfying A = A = A-. (a) When n = 2, determine all such matrices. (b) Assuming that -1 is not an eigenvalue of A, determine all such nxn matrices.
-
Albert is piloting his spaceship, heading east with a speed of 0.95c relative to Earth. Albert's ship sends a light beam in the forward (eastward) direction, which travels away from his ship at a...
-
The government of Ontario began collecting data on "key performance indicators"(KPI) for colleges in 1998. Data on graduate employment rates, graduate satisfaction, and employer satisfaction are...
-
Theo Paphetes, a retailer of office equipment and stationery, works from home and started his business on 1 March with 450,000 capital in cash. During the month of March, the following transactions...
-
Consider the Emarpy Appliance situation in Problem 6-54. If Richard Feehan wants to minimize the total annual inventory cost, how many refrigerators should be produced in each production run? How...
-
Use the quotient rule to find the derivative of the function. dy 2x+1 y= X-5
-
Sunray Electric Coop uses a fleet of 20 trucks to service its electric network. The company wants to develop a preventive maintenance schedule for the fleet. The probability of a breakdown in year 1...
-
List the six steps in estimating a cost function on the basis of an analysis of a past cost relationship which step is typically the most difficult for the cost analyst?
-
Describe three criteria for evaluating cost functions and choosing cost drivers.
-
What are some potential disadvantages of fair value accounting?
-
1. What is the force that acts between two charges of different signs, attractive or repulsive? Draw the previous examples in your notebook but assuming that, in this case, the charge on the right is...
-
You drop a stone down a well that is 31.5 m deep. How long is it before you hear the splash? The speed of sound in air is 343 m/s and air resistance is negligible.
-
A-6.50 - D lens is held 11.5cm from an ant 1.00mm high. What is the height of the image? Follow the sign conventions. Express your answer to three significant figures and include the appropriate...
-
How can ABC Manufacturing effectively utilize performance appraisals as a tool for enhancing employee motivation and performance within the organization?
-
During a professional football game, video analysis can provide detailed metrics about how a football leaves the quarterback's hand during a throw to a wide receiver. For a certain pass, the football...
-
State the distribution of X. Recently, a nurse commented that when a patient calls the medical advice line claiming to have the flu, the chance that he or she truly has the flu (and not just a nasty...
-
Below is a sample of the data in the file NFLAttendance which contains the 32 teams in the National Football League, their conference affiliation, their division, and their average home attendance....
-
A buffer is 0.100 M in NH 4 Cl and 0.100 M in NH 3 . When a small amount of hydrobromic acid is added to this buffer, which buffer component neutralizes the added acid? a) NH4+ b) Cl c) NH3 d) None...
-
Benchmarking is about comparing your firms performance against the best levels of performance in the market and has nothing to do with variance analyses. Do you agree?
-
What is the material efficiency variance? a. 11,000 favorable b. 400 unfavorable c. 10,600 unfavorable d. 21,600 favorable The following data relate to the budget and actual results of Oscar...
-
What is the labor price variance? a. 62,250 favorable b. 72,625 unfavorable c. 134,875 favorable d. 10,375 unfavorable The following data relate to the budget and actual results of Oscar Enterprises,...
-
Question 3 of 17
-
A business's source documents: Multiple Choice Include the chart of accounts. Must be in electronic form. Are records of all increases and decreases in a specific asset Identify and describe...
-
Tax laws are constantly trying to catch up with new revenue sources. One good recent example are cryptocurrencies (virtual digital currencies). Read the attached article and discuss the following...
Study smarter with the SolutionInn App