Method which considers lowest and highest values of cost driver and cost within relevant range is called

A low high method
B constant equation
C variable equation
D high low method

Correct Answer: high low method

Method which considers lowest and highest values of cost driver and cost within relevant range is called high low method. In cost accounting, the high-low method is a way of attempting to separate out fixed and variable costs given a limited amount of data. The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.
Bissoy MCQ
#Commerce #Costing

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