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.

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Definitions:

Business Proposition

A unique offer or plan proposed by a business to provide certain products or services under specific conditions.

Marketing Plan

An extensive plan or strategy document that details how a business will execute its marketing and advertising activities over a set timeframe.

End-User

The ultimate consumer of a product or service, who uses it for its intended purpose.

Forecasted Profit

An estimate or prediction of the financial gain or profit that a business expects to make in a future period.