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

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

Related Questions

Studies of fatal automobile accidents reveal that , in the majority of cases in which one occupant of an automobile is killed another survives, it is the passenger , not the driver , who is killed. It is ironic that the innocent passenger should suffer for the driver's carelessness, while the driver often suffers only minor injuries or none at all. Which of the following is an assumption underlying the reasoning in the passage above?
Within relevant range, cost function which cost does not change in narrow ranges of activity is called
Line which uses to join observations with lower and highest values of cost driver is called
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