Why would regression analysis provide a more accurate cost formula for a mixed cost than the high-low

Question:

Why would regression analysis provide a more accurate cost formula for a mixed cost than the high-low method would?

LO1.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

Question Posted: