The high-low method basically fits a line through the highest and lowest ________ points.
A)fixed cost
B)variable cost
C)volume
D)none of the above

Question

Quizplus · Accepted Answer

The high-low method is used in cost accounting to separate fixed and variable costs based on the highest and lowest levels of activity (volume). It fits a line through these points to estimate the cost behavior.

The High-Low Method Basically Fits a Line Through the Highest