Study Plan New lab Competency Eval... (16 unread) - mas.... Citizenship and Im... All apps | 9. Explain how account analysis is used to estimate costs. 10. Describe the four steps of the high-low method and how these steps are used to estimate costs. 11. Why might the high-low method lead to inaccurate results? 12. Describe the five steps of the scattergraph method and how these steps are used to estimate costs. 13. How can the scattergraph method be used to identify unusual data points? 14. Describe how regression analysis is used to estimate costs. 17 Boston Academic Publishing, Inc., d.b.a FlatWorld. All rights reserved. 26 MANAGERIAL ACCOUNTING 15. How does the contribution margin income statement differ from the traditional income statement? 16. Review "Business in Action 5.3". Which costs at Lowe's are likely to be variable costs? 17. Describe the term relevant range. Why is it important to stay within the relevant range when estimatin costs? 18. Explain how some costs can behave in a nonlinear way. Brief Exercises CHighlight will Match case nlimited. Refer to the dialogue at Bikes Unlimited presented at the beginning of t irst step to be taken by Susan and her accounting staff to help in estimating profim Q 30 37 50 stv More Book Pro $ G Search or type URL % 95 6 54 #3 ZA & 27 * 8 9 C