The High-Low Method

question 42

Multiple Choice

The high-low method:

• A) Utilizes the average and the mean values of costs to determine fixed and variable costs.
• B) Utilizes the high and low values of aggregate costs to estimate total fixed costs and the unit variable costs.
• C) Utilizes regression analysis to estimate total fixed costs and the unit variable costs.
• D) Requires cost items to be specifically classified as fixed costs or variable costs to be utilized.

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Definitions:

Designated Group

Specific categories of individuals identified for special attention or treatment in policies or programs, often related to employment equity.

Employment Equity Plan

A strategic document outlining specific actions an organization will take to achieve employment equity and fair treatment for all employees.

Commitment

The state or quality of being dedicated to a cause, activity, or job; wholehearted devotion.