What is the common goal of the high-low method and the regression method?
A) To accurately predict future costs with no variation.
B) To compare and analyze future and past costs for predictive purposes.
C) To separate total costs into their fixed and variable cost components to help in predicting future costs with a derived equation.
D) To determine a cause-and-effect relationship between various costs.

Question

Quizplus · Accepted Answer

Both the high-low method and the regression method aim to separate total costs into fixed and variable components to help predict future costs using a derived cost equation.

What Is the Common Goal of the High-Low Method and the Regression