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Why do you say the high low method is easy to use and understand?
Wiki User
∙ 14y ago
The high-low method is easy to use and understand because it involves selecting the highest and lowest activity levels and their respective costs to determine variable and fixed costs. This method is straightforward and does not require complex calculations, making it accessible even to those with limited accounting knowledge.
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What are the method of separating mixed cost?
To separate mixed costs, you can use the high-low method, scattergraph method, or regression analysis. The high-low method uses the highest and lowest activity levels to determine variable and fixed cost components. The scattergraph method involves plotting data points on a graph to visually identify fixed and variable cost points. Regression analysis uses statistical techniques to determine the relationship between cost and activity levels.
Are daily low and high tides easy to tell apart?
Yes, daily low tides are characterized by the water being at its lowest point along the shore, whereas daily high tides are characterized by the water reaching its highest point along the shore. This difference in water level makes it easy to distinguish between the two tides.
Does Lithium has high electron reduction potential and why?
Yes, lithium has a high electron reduction potential. This is because lithium has a low ionization energy due to its large atomic size and low effective nuclear charge, making it relatively easy to lose an electron and form a stable cation. This low ionization energy results in a high reduction potential for lithium.
Does wind move from high to low or low to high pressure?
Wind moves from high pressure to low pressure. Air always moves from areas of high pressure to areas of low pressure in an attempt to equalize pressure differences.
What is the movement of monomers from high to low?
what is the movment of monomers from high to low
What are the advantages of the high low method?
what are the usefulness of high low method
What are the advantages of high-low method?
The high-low method can help identify fixed and variable costs within a data set. It is simple and easy to apply, making it a quick way to estimate costs without complex calculations. Additionally, it can provide a rough estimate of future costs based on past data.
What is High-low method of variable cost and fixed cost?
High and low method is the method for separating fixed cost and variable cost from mixed cost.
What are the limitations for high low method in accounting?
churvaness
What are the limitations for high-low method in accounting?
churvaness
What is high and low visibility?
High visibility = easy to see low visibility = dfifficult to see.
Is the high-low method less accurate than the least-squares regression method for analyzing the behavior of mixed cost?
The fact that the high-low method uses only two data points is a major defect of the method.
Define high low method?
The high-low method is a technique used to separate fixed and variable costs within a mixed cost. By comparing the highest and lowest activity levels and the corresponding total costs, this method allows you to estimate the fixed and variable components of a cost.
What is the simplest method to measure a linear cost function from past data?
high-low method
What makes high and low tides?
Easy... the moon gravity pulls water in its direction making high and low tides.
Low condensing pressure?
Low condensing pressure in a refrigeration system usually indicates a problem with the system such as insufficient air flow over the condenser, low refrigerant charge, or a malfunctioning condenser fan. This can lead to reduced cooling capacity, higher energy consumption, and potential damage to the compressor. It is important to address the issue promptly to prevent further damage to the system.
Find the estimate cost equation using the high low method?
Coness
