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1.Which of the following is true about the high-low method? Select one: a. Assumes a curvilinear relationship between cost and activity b. Can be used
1.Which of the following is true about the high-low method? Select one:
a. Assumes a curvilinear relationship between cost and activity
b. Can be used unless mixed costs are involved
c. It is used to estimate fixed and variable cost elements of a mixed cost
d. Is more accurate than the least squares method
2.
Financial accounting data are expected to be objective and verifiable.
Select one:
True
False
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