TB MC Qu.12-33 When the high-low method of estimating a... When the high-low...
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TB MC Qu When the highlow method of estimating a When the highlow method of estimating a cost behavior pattern is used: Multiple Choice cost and volume data must be reviewed for outliers. the resulting cost formula will explain total cost accurately for every value between the high and low volumes. the direct result of the highlow calculations is the fixed expense amount. the highest and lowest sales price and volume amounts are used in the calculation.
TB MC Qu When the highlow method of estimating a
When the highlow method of estimating a cost behavior pattern is used:
Multiple Choice
cost and volume data must be reviewed for outliers.
the resulting cost formula will explain total cost accurately for every value between the high and low volumes.
the direct result of the highlow calculations is the fixed expense amount.
the highest and lowest sales price and volume amounts are used in the calculation.
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