When using the high-low method,what step is performed first?
A)Find the vertical intercept.
B)Write the cost equation.
C)Find the slope.
D)Predict total cost.

Question

Quizplus · Accepted Answer

The first step in the high-low method is to find the slope, which represents the variable cost per unit. This is done by taking the difference in costs between the highest and lowest activity levels and dividing it by the difference in activity levels.

When Using the High-Low Method,what Step Is Performed First