Asked by CECILIA SIOCO on May 09, 2024
Verified
When using the high-low method for estimating cost behavior,the slope,or variable cost per unit,is calculated by ________.
High-Low Method
An accounting technique used to estimate the fixed and variable costs associated with producing goods or services by analyzing the highest and lowest levels of activity.
Variable Cost
Costs that vary directly with the level of production or volume of output, such as materials and labor directly involved in manufacturing.
- Understand the principles and application of the high-low method in estimating cost behavior.
Verified Answer
GS
Learning Objectives
- Understand the principles and application of the high-low method in estimating cost behavior.
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