Critical Inputs in Using the High-Low Method Include All of the Following

question 45

Multiple Choice

Critical inputs in using the high-low method include all of the following EXCEPT

• A)actual activity levels (production levels)for an operating period.
• B)actual mixed costs (total costs)corresponding to the various activity levels.
• C)a calculator.
• D)a hypothesis for the slope.

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Definitions:

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.

Cash Dividend

A payment made by a company to its shareholders, usually in the form of cash, as a share of the profits.

Operating Activities

These include the primary revenue-generating activities of a business, such as manufacturing, distributing, marketing, and selling a product or service.

Cash Dividend

A payout to shareholders from a company's earnings in the form of cash.