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:

Information Recalling

The process of retrieving memory from the past, which can be influenced by various factors including the method of encoding and the context of recall.

Levels

Refers to stages, degrees, or magnitudes in any series of gradual changes or distinct phases in a process or system.

Freud

Sigmund Freud, an Austrian neurologist who founded the field of psychoanalysis, a form of psychotherapy that emphasizes the role of unconscious factors in personality and behavioral development.

Preconscious Mind

A part of the mind that contains thoughts, memories, and feelings that are not currently in conscious awareness but can easily be brought to consciousness.