Question: In using the high-low method, the fixed cost is determined by subtracting the total cost at the high level of activity from the total cost

 In using the high-low method, the fixed cost is determined by

In using the high-low method, the fixed cost is determined by subtracting the total cost at the high level of activity from the total cost at the low activity level. may be determined by subtracting the total variable cost from either the total cost at the low or high activity level. is determined by adding the total variable cost to the total cost at the low activity level. is determined before the total variable cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!