When using the high-low method,what data point can be used to solve for the fixed cost component?
A)The "high" month
B)The "low" month
C)Either the "high" or the "low" month
D)Any month in the data set

Question

Quizplus · Accepted Answer

The high-low method uses either the "high" or the "low" month to calculate the fixed cost component by applying the formula to the total cost at either of these points.

When Using the High-Low Method,what Data Point Can Be Used