The method most likely to produce the most precise line of cost behavior and require the least amount of judgment is the scatter diagram.

Question

Quizplus · Accepted Answer

The scatter diagram is a visual representation of data points and can provide a general idea of the relationship between two variables, but it requires a significant amount of judgment to determine a precise line of cost behavior. Other methods such as regression analysis or high-low method are more likely to produce a more precise line of cost behavior with less subjectivity.

The Method Most Likely to Produce the Most Precise Line