When using the high-low method,what is the correct order of the following three steps?
I.Write the cost equation.
Ii.Find the vertical intercept.
Iii.Find the slope.
A)i,ii,iii
B)ii,iii,i
C)iii,i,ii
D)iii,ii,i

Question

Quizplus · Accepted Answer

The high-low method involves first finding the slope (iii) using the highest and lowest activity levels, then finding the vertical intercept (ii) using the slope and one of the data points, and finally writing the cost equation (i).

When Using the High-Low Method,what Is the Correct Order of the Following