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What are the four methods commonly used to identify the fixed and variable elements of a...

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Accounting

What are the four methods commonly used to identify the fixedand variable elements of a mixed cost? and Identify the strengthand weakness of each method identified.

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The four methods which are commonly used to identify fixed and variable component of mixed cost are as follows along with their strength and weaknesses 1 High low point method Strength It is easy and quick method to determine fixed and variable cost Even with incomplete data accountant can use this method Weakness The high low method could produce inaccurate figures This method ignores    See Answer
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