When Using the High-Low Method for Estimating Cost Behavior, the Slope

question 15

Short Answer

When using the high-low method for estimating cost behavior, the slope, or variable cost per unit, is calculated by ________.

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Definitions:

Function Name

The identifier given to a specific function in programming, which can be called to execute the series of statements within it.

Equal Sign

A symbol used in mathematics and programming to denote equality or assignment, depending on the context.

Arithmetic Operator

Symbols used in mathematics and programming to perform operations such as addition, subtraction, multiplication, and division on numerical values.

Division Operation

A mathematical operation that involves dividing one quantity by another to calculate the quotient.