Question: The high-low method is criticized because it Question 7 The high-low method is criticized because it ignores much of the available data by concentrating on

The high-low method is criticized because it

Question 7 The high-low method is criticized because it ignores much of the available data by concentrating on only the extreme points. doesn't provide reasonable estimates. is not a graphical method. is a mathematical method. Click if you would like to Show Work for this question: Open Show Work

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!

12. Cost activity indexes might help classify costs as Question 12 options: permanent. transient. temporary. variable. 14. Firms operating at 100% capacity Question 14 options: have no fixed costs....

33) Sonoma Winery has fixed costs of $12,000 per year. Its warehouse sells wine with variable costs of 80% of its unit selling price. How much in sales does Sonoma need to break even per year? Answer...

The high - low method is criticized because it q , ignores much of the available data by concentrating on only the extreme points. doesn't provide reasonable estimates. is not a graphical method. is...

Commentary Beyond Black Box Epidemiology Douglas L. Weed, MD, PhD "Black box epidemiology" is the most recent addition to a long list of disciplinary subgroups although few practitioners would likely...

Frazier Manufacturing Company collected the following production data for the past month: If the high-low method is used, what is the monthly total cost equation? A)Total cost = $ 11,000 + $20/unit...

Please see attachment. All three question need to be answered in narrative format. If you have questions, just let me know. Normal requirement for references are 2 outside our course text....

the high low method of determining the fixed and variable components of a mixed cost is criticized because it : - is not a graphical method - ignores much of the available data by concentrating on...

PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...

Question 18 1pts A Z score is also a percentile rank. True False Flag this Question Question 19 1pts Regression lines are used for comparison of two variables to determine similarity. True False Flag...

Looking for another opinion on this cost accounting review. If there is away to pay more let me know. ACCT3313 FINAL EXAM 1. The most effective basis for cost allocation exists when which one of the...

A large tank of water is tapped a distance h below the water surface by a small pipe as in Figure. Find the distance x reached by the water flowing out the pipe.

2 ook Taylor Company purchased $9,000 of inventory under terms FOB shipping point. Freight cost amounted to $300. The cost of inventory and freight were paid with cash. Which of the following shows...

reply to this discussion forum post as a college student and do it in 200 or more words. I chose to compare and contrast the two budget models: zero-based budgets and partial or complete...

please solve asap Q.1 [25 pts.] A. determine whether the following signal is periodic or not, if periodic find its period? X(n)=4cos(4n+2)+2cos(6n) ? B. Given X(n)={102n2e.w, find y(n)=x(3n+2) your...