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The CEO would like to understand what the advantages and disadvantages of the high-low method. From the list provided below, select the advantage of the
The CEO would like to understand what the advantages and disadvantages of the high-low method. From the list provided below, select the advantage of the high-lowr method. Enter the LETTER into the space provided. For instance, if you choose {B}, enter the letter B. Listing of choices: {A} This method uses two data points. {B} This method is objective. {C} This method uses all data points. {D} This method is subjective. {E} This method excludes outliers automatically. Q1 Hallaway Inc. operates a chain of shops. The company's chief executive officer is interested in accumulating some information on the utility costs incurred by the company. You have been asked to analyze the following twelve months' data. Month Ulity Cost Number of Unit: 11000 15,500 16,000 ISA-00 19,500 21,600 23,500 22,400 19,000 18,000 17,000 \"13,000 Required: Using the high-low method answer the below noted questions. The variable rate is $__________ per unit. Round your answer to the nearest penny. 0.45 it." Using the variable rate you entered above, the fixed cost per month is $ __________ . Round your answer to the nearest dollar. a
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