FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is the reason why result of a High-Low Method may be skewed. Select one: a. The other data points that are

image text in transcribed
Which of the following is the reason why result of a High-Low Method may be skewed. Select one: a. The other data points that are ignored may give a truer picture of the mix of cos b. The total cost and production data is consistent month-to-month and may prod c. The high and/or low points may be representative of normal production levels d. None of the available choices

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting And Analysis In Multinational Enterprises

Managerial Accounting And Analysis In Multinational Enterprises

Authors: H. Peter Holzer, Hanns Martin W. Schoenfeld

1st Edition

0899250874, 978-0899250878

More Books

Students also viewed these Accounting questions

Question

Twenty percent of cars that are inspected have faulty pollution control systems. The cost of repairing a pollution control system exceeds $100 about 40% of the time. When a driver takes her car in...

Answered: 1 week ago

Question

★★★★★
Why are accountants so concerned about their organization having an efficient and effective internal control system?

Answered: 1 week ago

Question

★★★★★
Which of the following is the reason why result of a High-Low Method may be skewed. Select one: a. The other data points that are ignored may give a truer picture of the mix of cos b. The total cost...

Answered: 1 week ago

Question

★★★★★
Question 3 Finally, an examination of employment data over the last several decades gives some indication whether the United Not yet States' economic performance has been affected negatively by trade...

Answered: 1 week ago

Question

★★★★★
A company has facilitated for producing 5 products which require the same raw material and the same type of production, finishing and packaging facilities. The unit contribution margin and the...

Answered: 1 week ago

Question

★★★★★
Consider the following: March 15 current year, Erin created a new inventory item named "Bird bath" When creating the item, a beginning quantity of 25 and a cost value of $23.82 per unit was...

Answered: 1 week ago

Question

★★★★★
Johnson Power Company ("JPC") has historically discriminated against Hispanics. At JPC, the lowest paying jobs were held by Hispanics. The Company had employees take a broad aptitude (IQ) test, on...

Answered: 1 week ago

Question

★★★★★
You have a research and development requirement for underwater drone technology. The estimated value of the acquisition is $750,000. How many days must the contract action be publicized prior to...

Answered: 1 week ago

Question

★★★★★
11. Casin Company sells $900 of merchandise on account to Delta Exploration with credit terms of 2/10, n/30. If Delta Exploration remits a check taking advantage of the discount offered, what is the...

Answered: 1 week ago

Question

★★★★★
3 How does celebrity culture relate to public speaking? Is a movie star more capable of drawing support for a cause than an ordinary citizen?

Answered: 1 week ago

Question

★★★★★
2 How does the clicker change the nature of the lecture? Does it change the relationship between speaker and audience? Or does it simply change the interaction between them?

Answered: 1 week ago

Question

★★★★★
6-14 Explain why distributed architectures are flexible. The Lego Group, which is headquartered in Billund, Denmark, is one of the largest toy manufacturers in the world. Legos main products have...

Answered: 1 week ago

Previous Question Next Question