In Using the High-Low Method the Fixed Cost

question 29

Multiple Choice

In using the high-low method the fixed cost

• A) is determined by subtracting the total cost at the high level of activity from the total cost at the low activity level.
• B) is determined by adding the total variable cost to the total cost at the low activity level.
• C) is determined before the total variable cost.
• D) may be determined by subtracting the total variable cost from either the total cost at the low or high activity level.

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Definitions:

Modesty

The quality of being humble or reserved in behavior, dress, and language.

Self-Knowledge

The understanding or insight a person has into their own personality, actions, and motivations.

Unrealistic Optimism

The tendency of individuals to believe that they are less likely to experience negative events than others.

Comparing

The act of evaluating two or more items, individuals, or situations in relation to each other to identify similarities or differences.