The _____ is used to estimate costs by classifying accounts in the general ledger as fixed, variable, or mixed.
A)account analysis method
B)multiple regression method
C)coefficient of correlation method
D)least cost method

Question

Quizplus · Accepted Answer

The account analysis method is the one that is used to estimate costs by classifying accounts in the general ledger as either fixed, variable, or mixed. The multiple regression method and the coefficient of correlation method are statistical tools for estimating costs, and the least cost method is a technique used in operations research for optimizing production processes.

The _____ Is Used to Estimate Costs by Classifying Accounts