Asked by
Jillian Campos
on Nov 13, 2024Verified
The high-low method is often employed in analyzing
A) fixed costs.
B) mixed costs.
C) variable costs.
D) conversion costs.
High-Low Method
A technique used in managerial accounting to estimate fixed and variable costs associated with production by analyzing the highest and lowest levels of activity.
Mixed Costs
Expenses that contain both fixed and variable components, changing in total with the level of activity but also containing a constant component.
- Identify and discriminate among fixed, variable, and mixed expenses.
Verified Answer
JV
Learning Objectives
- Identify and discriminate among fixed, variable, and mixed expenses.