The high-low method and the least-squares regression method are used by accountants to:
A)evaluate divisional managers for purposes of promotions.
B)choose among alternative courses of action.
C)maximize output.
D)estimate costs.
E)control operations.

Question

Quizplus · Accepted Answer

The high-low method and the least-squares regression method are both used to estimate costs, which is important for budgeting and decision making. Therefore, the correct choice is D.

The High-Low Method and the Least-Squares Regression Method Are Used