Which of the Following Is Not a Step in Estimating

question 29

Multiple Choice

Which of the following is not a step in estimating total cost using the high-low method?

• A)Identify the highest and lowest levels of activity.
• B)Visually "fit" a line to the plotted points.
• C)Compute the variable cost per unit.
• D)Calculate the fixed cost using either the high point or the low point.

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Definitions:

Cause-and-Effect

The relationship between events where one or more are the result of the others, indicating a direct line of action and response.

Sensation

The process of receiving stimuli from the environment and the initial encoding into the nervous system.

Nervous System

The complex network of neurons and supporting cells that transmit signals between different parts of the body and the brain.

Amplitude

The maximum extent of a vibration or oscillation, measured from the position of equilibrium.