Which of the Following Statements Is True When Referring to the High-Low

Multiple Choice

Which of the following statements is true when referring to the high-low method of cost analysis?

A) The high-low method has no major weaknesses.
B) The high-low method is very hard to apply.
C) In essence, the high-low method draws a straight line through two data points.
D) The high-low method uses all of the available data to estimate fixed and variable costs.