Using the High-Low Method to Estimate Cost Behavior,420 Maintenance Hours

question 46

Multiple Choice

Using the high-low method to estimate cost behavior,420 maintenance hours in a month would mean the maintenance costs would be budgeted at

• A)$3,150.
• B)$3,600.
• C)$3,720.
• D)$3,780.
• E)$3,461.

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Definitions:

Customer

An individual or entity that purchases goods or services from another entity, forming the basis of the business's revenue.

Learning And Growth

An aspect of the balanced scorecard approach that focuses on the intangible drivers of future success, such as employee skills, organizational culture, and information systems capabilities.

Non-Financial Performance Indicators

Metrics used to assess a business's activity and performance without relying on financial measures, such as customer satisfaction or employee turnover rates.

Productivity Measure

A metric used to assess the efficiency of a production process or the workforce involved in it.