A disadvantage of the high-low method of cost analysis is that it Multiple Choice O typically results in a totally inaccurate cost formula is too time consuming to apply uses only two dota points, which may not be representative of normal conditions. relies totally on the judgment of the person performing the cost analysis The term "relevant range," as used in cost accounting, means the range over which: Multiple Choice O relevant costs are incurred. costs may fluctuate. O cost relationships are valid. cost data is available