Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You only have two attempts for this quiz. If you are unsure of the correct answer feel free to check your notes or open another

image text in transcribed
You only have two attempts for this quiz. If you are unsure of the correct answer feel free to check your notes or open another tab and rewatch the previous videos. You will not be able to see the correct answers until after the due date has passed, 1 1 point When performing the high-low method, how should you choose your high and low points Identify the highest and lowest x point (volume), and the highest and lowest points (cost). Identify the highest and lowest points (volume), then take their corresponding y points (cost), Choose any points given it won't matter. 2 1 point When calculating "rise over run," what exactly are you finding? Formula:(y-vl/bx-x) Othey intercept of the cost behavior line, which is y, the total cost the slope of the cost behavior line, which is the total fixed costs the slope of the cost behavior line, which is the variable cost per unit they intercept of the cost behavior line, which is the number of units 3 1 point When you have found your cost equation (after completing the high-low method, which of the following terms should be filled in with numbers instead of staying letters? f OOOO

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

Systems Direct Auditing Practice Case IBM Book Workbook And 5.25 Disk

Authors: Dieter Weiss, Gaylord N. Smith

1st Edition

0538809051, 978-0538809054

Students also viewed these Accounting questions

Question

5. If yes, then why?

Answered: 1 week ago

Question

6. How would you design your ideal position?

Answered: 1 week ago