Ask Question
26 April, 07:29

A method that estimates cost behavior by using just the highest and lowest volume levels is called the

+3
Answers (1)
  1. 26 April, 10:18
    0
    A method that estimates cost behavior by using just the highest and lowest volume levels is called the: High-low method.

    In doing high-low method of cost estimation, we need to conduct some sort of experiment. First, we try the highest level of activity and record the total cost incurred, then we try the lowest level of activity and record the total cost incurred. After that, we used these two baselines to estimate the total cost of our production.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A method that estimates cost behavior by using just the highest and lowest volume levels is called the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers