The High-Low Method ________

question 111

Multiple Choice

The high-low method ________.

• A) measures the difference between actual cost and estimated cost for each observation of the cost driver
• B) calculates the standard deviation of residuals
• C) calculates the slope coefficient using only two observed values within the relevant range and their respective costs
• D) measures how well the predicted values, y, based on the cost driver, X, match actual cost observations, Y

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