In Using High-Low Method, the Slope Coefficient Is Calculated by Dividing

question 169

True/False

In using high-low method, the slope coefficient is calculated by dividing the difference between highest and lowest observations of the cost driver by the difference between costs associated with highest and lowest observations of the cost driver.

---

Definitions:

Physical Custody

Refers to the actual, physical possession and care of a child, typically used in legal contexts concerning child custody arrangements.

Accounting Records

Documents and books that systematically record financial transactions of a business for accounting and audit purposes.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank.

Bank Reconciliation

The procedure of aligning the balances found in an organization's financial records for a cash account with the similar data on a bank statement.