The high-low method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels.

Name: The high-low method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels.
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Question

Quizplus · Accepted Answer

The statement accurately describes the high-low method for estimating cost behavior.

The High-Low Method Is Used to Derive an Estimated Line