Multiple Choice
Which of the following statements is correct about the high-low method?
A) The high-low method is complicated to apply.
B) The high-low method is effective for periods in which activity is particularly high or low.
C) Generally,managers can obtain more accurate information from other methods of cost analysis that use a larger number of data points.
D) Generally,managers use the high-low method because it has no drawbacks or limitations.
Correct Answer:

Verified
Correct Answer:
Verified
Q115: Holly Co.uses the high-low method.It had an
Q116: Star,Inc.used Excel to run a least-squares regression
Q117: Total contribution margin is equal to:<br>A)total sales
Q118: Knox Corp.has a selling price of $20,variable
Q119: When Greenway,Inc.sells 48,000 units,its total fixed cost
Q121: The least-squares regression method uses all of
Q122: Using the results of the least-squares regression
Q123: Star,Inc.used Excel to run a least-squares regression
Q124: The high-low method requires three observations of
Q125: A mixed cost has:<br>A)either fixed or variable