The High-Low Method Calculates the Total Fixed Cost as the

question 61

Multiple Choice

The high-low method calculates the total fixed cost as the

• A)difference between total variable costs and total costs at a particular activity level.
• B)difference between the unit variable cost and the unit total cost.
• C)change in cost divided by the change in activity level for two points.
• D)change in activity level divided by the change in cost for two points.

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Definitions:

Negligence Action

A legal claim filed by someone who was harmed because of another party's failure to act with reasonable care.

Duty Of Care

A legal obligation imposed on an individual requiring adherence to a standard of reasonable care while performing any acts that could foreseeably harm others.

Breach

The violation of a legal obligation, rule, or agreement.

Legally Recognizable Injury

A harm or loss that the law considers sufficient to provide a basis for a lawsuit.