Question

2) the highest and lowest costs are always used to analyze a mixed cost under the high-low method. True or false

Answer 1

Answer:

The high-low method is used to calculate the variable and fixed cost of a product or entity with mixed costs. It takes two factors into consideration. It considers the total dollars of the mixed costs at the highest volume of activity and the total dollars of the mixed costs at the lowest volume of activity.

Answer 2

Answer:

FALSE

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