An advantage of the high-low method is that it a. is objective. b. is subjective. c. is

Question:

An advantage of the high-low method is that it
a. is objective.
b. is subjective.
c. is the most accurate method.
d. removes outliers.
e. is descriptive of nonlinear data.

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

Step by Step Answer:

Related Book For book-img-for-question

Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

See More Books

Question Posted: Aug 20, 2022 03:40 AM

See More Questions

An advantage of the perpetual inventory system is that a physical count of inventory is unnecessary. The periodic method requires a physical count to compute cost of goods sold. Do you agree? Explain.
An advantage of the scattergraph method is that it a. is objective. b. is easier to use than the high-low method. c. is the most accurate method. d. removes outliers. e. is descriptive of nonlinear...
Georgia bleadown company uses the high low method to analyze production costs. The following information related to the production data for the first six months of the year. What is the estimated...
A line charge density pL of length L lies parallel to an infinite sheet of surface charge density ps. How much work is required to rotate the line charge so that it is vertical?
Assume the same facts as in Problem 8-56, except in addition to the other itemized deductions Michelle and Mark suffer a $4,500 deductible personal casualty loss (after limitations). In problem 8-56...
The support consists of a solid red brass C83400 copper post surrounded by a 304 stainless steel tube. Before the load is applied the gap between these two parts is 1 mm. Given the dimensions shown,...
What types of uncivil behavior have you observed in the workplace or in the classroom? LO.1
What are the intangible factors that are important in evaluating a company's financial position and performance but are not available in the annual report?
Wildhorse Company acquires equipment at a cost of $38,500 on January 3, 2021. Management estimates the equipment will have a residual value of $5,500 at the end of its 4-year useful life. Assume that...
The Apriori algorithm uses a candidate generation and frequency counting strategy for frequent itemset mining. Candidate itemsets of size (k + 1) are created by joining a pair of frequent itemsets of...
The following cost formula for total purchasing cost in a factory was developed using monthly data. Purchasing cost =$123,800 + ($15 Number of purchase orders) Next month, 2,000 purchase orders are...
The following six months of data were collected on maintenance cost and the number of machine hours in a factory: Select the independent and dependent variables
Hilda Scott wrote a book to which she affixed the provocative title, Does Socialism Liberate Women? a. Answer her question. Explain. b. Are minority oppression and oppression of women inevitable...
Ranjha Inc. manufactures widgets. The end product is produced in different departments within the plant. One component, C1, is causing some concern. The component is integral to the production of...
. Write a Java program in NetBeans that creates a LinkedHashSet. Your Java program must use the methods in the LinkedHashSet interface to do the following: 2.1 Add the above elements into the...
on the following statement: Mona is an industrial engineer working for car parts manufacturing facility. She collected the following data on three alternatives of sustainable energy systems to be...
Alvarado Company produced 2,900 units of product that required 6 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.55 per direct labor hour at 16,200 hours, which...
Find the complexity of the function given below. void function(int n) { int i, count =0; for(i=1; i*i
1. Give some other examples of the impossibility of using one policy instrument to achieve two policy objectives simultaneously. 2. If the central bank wanted to achieve a lower rate of inflation and...
The following information is for Montreal Gloves Inc. for the year 2020: Manufacturing costs Number of gloves manufactured Beginning inventory $ 3,016,700 311,000 pairs 0 pairs Sales in 2020 were...
Several years ago, United Parcel Service (UPS) believed that the Internet was going to change the parcel delivery market and would require UPS to become a more nimble and customer-focused...
Materials used by the Truck Division of Monumental Motors are currently purchased from outside suppliers at a cost of $260 per unit. However, the same materials are available from the Component...
Jolly Giant Company has two divisions, the Can Division and the Food Division. The Food Division may purchase cans from the Can Division or from outside suppliers. The Can Division sells can products...
How do warehouses and distribution centers differ? What is cross-docking and why might a company choose to cross-dock a product? What kinds of products can be delivered electronically? What kinds...
Strawberry Inc. has historically been an all-equity firm. The analyst expects EBIT to be $1.5B in perpetuity starting one year from now. The cost of equity for the company is 11.5% and the tax rate...
Guzman company received a 60- day, 5 % note for 54,000 dated July 12 from a customer on account. Determine the due date on note. Determine the maturity value of the note and journalize the entry of...

An advantage of the high-low method is that it a. is objective. b. is subjective. c. is

Question:

Step by Step Answer:

a is objective The highlow method is an objective way to estimate ...View the full answer

Cornerstones of Managerial Accounting

Students also viewed these Business questions