Which of the following is generally the most accurate method of cost estimation?

1. High-low (two-point)
2. Semi-averages
3. Least squares
4. They are all equally accurate
5. None of the above

In the CVP graph, the dependent variable is

1. Volume
2. Cost
3. Profit
4. Variable cost only
5. None of the abov

In activity-based costing, a cost pool is effectively defined as

1. That to which a cost is assigned
2. The rate developed from historical information
3. The combination of all fixed costs only
4. All costs that have the same cost driver
5. None of the above