What is the chief drawback of the high-low method of cost estimation? What problem could an outlier cause if the high-low method were used?
What is the chief drawback of the high-low method of cost estimation? What problem could an outlier cause if the high-low method were used?
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The chief drawback of the high-low method of cost estimation is that it uses only two data poin…View the full answer
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Managerial Accounting Creating Value in a Dynamic Business Environment
10th edition
Authors: Ronald Hilton, David Platt
ISBN: 978-0078025662