The Primary Advantage of the High-Low Method Over Other Cost

Multiple Choice

The primary advantage of the High-Low method over other cost estimation methods is that:

A) It utilizes only two data points rather all data points within a relevant range
B) It relies on judgment to determine the cost estimation model
C) It is a more straightforward approach to determining the variable and fixed elements of mixed costs
D) It can only be applied within the relevant range of observations of the independent variable