Question: Account analysis is _ _ _ _ _ _ _ _ . Answer a statement that organizes costs by behavior ( variable costs or fixed

Account analysis is ________.
Answer
a statement that organizes costs by behavior (variable costs or fixed costs) rather than by function
a statistical procedure for determining the line that best fits the data by using all of the historical data points
a method to determine cost behavior that is based on two data points: the highest and lowest volumes of activity
a method to determine cost behavior that is based on a managers judgment in classifying each general ledger account as a variable, fixed, or a mixed cost

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