Which Characteristic Is True of the High-Low Method, the Scattergraph

question 30

Multiple Choice

Which characteristic is true of the high-low method, the scattergraph method, and regression analysis?

• A)All methods will produce the same estimate of variable and fixed costs.
• B)All methods use historic data to estimate variable and fixed costs.
• C)All methods use only two data points in analyzing a mixed cost.
• D)None of the above is true.

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Definitions:

Complete Constituent

A syntactic unit that contains a complete clause or thought within a sentence.

Anomaly

A deviation from the common rule, type, arrangement, or form; something that is abnormal or does not fit a standard pattern.

Turkey Sandwich

A type of sandwich made by placing slices of cooked turkey between pieces of bread.

Anomaly

A deviation from the common rule, type, arrangement, or form; something that does not fit into the normal pattern or expected results.