Identify a true statement about the method of least squares for separating a mixed cost into its fixed and variable components. O a. It is simple and easily communicated to other individuals. O b. It allows a manager to get a cost formula using just two data points. Oc. It generates the smallest possible cost prediction errors. Od. It follows a subjective criterion for choosing the best-fitting line through a set of data points.

Identify a true statement about the method of least squares for separating a mixed cost into its fixed and variable components. a. It is simple and easily communicated to other individuals. b. It allows a manager to get a cost formula using just two data points. c. It generates the smallest possible cost prediction errors. d. It follows a subjective criterion for choosing the best-fitting line through a set of data points