Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the high low method of determining the fixed and variable components of a mixed cost is criticized because it : - is not a graphical
the high low method of determining the fixed and variable components of a mixed cost is criticized because it :
- is not a graphical method
- ignores much of the available data by concentrating on only the most extreme points
- does not provide reasonable estimates
- is a mathematical method
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started