When Using the High-Low Method,the Accountant Assumes the Fixed Portion

question 117

True/False

When using the high-low method,the accountant assumes the fixed portion of mixed costs to be the lowest fixed amount incurred during the period under review.

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Definitions:

Wish

A desire or hope for something to happen or be the case, often without an expectation of actual realization.

Rapid Eye Movements

Quick movements of the eyes that occur during certain stages of sleep, particularly REM sleep, which is associated with dreaming.

Contradictory Information

refers to data or statements that are in direct opposition to each other, making it impossible for both to be true at the same time.

Hypnosis

A state resembling trance where focus and suggestibility are increased, commonly utilized for healing purposes.