Question: The high - low method uses only two data points generally provides an accurate estimate of true cost behavior during normal periods is based on
The highlow method
uses only two data points
generally provides an accurate estimate of true cost behavior during normal periods
is based on periods where the activity tends to be unusual
is difficult to apply and requires a statistical software package
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
