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) Explain the 3 different types of cost behavior (variable, fixed and mixed costs) and why it is important to identify and understand them? Explain
- ) Explain the 3 different types of cost behavior (variable, fixed and mixed costs) and why it is important to identify and understand them?
- Explain what is the chief drawback of the high-low method of cost estimation. What problems would an outlier cause when using the high-low method?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
