The high-low method is a specific application of this method of cost estimation:
A) Two-point
B) Scatter plot
C) Engineered estimate of cost
D) Analysis at the account level

Question

Quizplus · Accepted Answer

The high-low method is a simple method of cost estimation that uses two data points (the highest and lowest levels of activity) to estimate fixed and variable costs. It is a specific application of the Two-point method, which estimates cost based on two data points.

The High-Low Method Is a Specific Application of This Method