(Appendix 2A)_________________ Is a Method of Separating a Mixed Cost

question 1

Multiple Choice

(Appendix 2A) _________________ is a method of separating a mixed cost into its fixed and variable elements by fitting a line to the data that minimizes the sum of the squared errors.

• A)Account analysis
• B)Scattergraph
• C)High-low
• D)Least-square regression

---

Definitions:

Cash Collections

The process of gathering and managing the cash received from sales, services, or other receivables.

Income Tax Expense

The cost to a company for income taxes owed to federal, state, and local governments, recorded as a financial expense in accounting.

Federal Income Taxes

Taxes levied by the federal government on annual income earned by individuals, corporations, trusts, and other legal entities.

State Income Taxes

Taxes imposed by individual states on the income earned by individuals and entities within their jurisdiction.