If the Controller Uses the High-Low Method to Estimate Costs,the

question 68

Multiple Choice

If the controller uses the high-low method to estimate costs,the variable cost per credit hour is:

• A)$82.33
• B)$103.56
• C)$114.30
• D)$201.22

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Definitions:

Return On Assets

This ratio indicates how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Ratio Form

A presentation format for financial statements or equations where components are displayed as a proportion of a whole.

Assets Invested

The total value of physical and financial assets that have been allocated or deployed in various investments by an individual or organization.

Risk

The potential for losses or less-than-expected returns, present in all types of investments and business activities.