tion 3 Which of the following statements is true? Jet ered ced out of ag question Select one: a. In approximating the cost function, the account analysis classifies costs based upon an industrial engineer's evaluation of production methods, and material, labor, and overhead requirements. O b. The high-low method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. O c. The most complex of the cost estimation methods is the high-low method. d. Engineering approach approximates cost function by classifying each account as either variable or fixed based on the analyst's knowledge of how the account behaves. e. The high-low method of deriving an estimated cost line uses all the data points available