Question

The high-low method and least-squares regression are used by accountants to:

Answer 1

 High-low method and least-square regression are used by accountants to estimate fixed costs and the variable cost per unit for total costs by using the historical data.

 The total cost of a business is sum of fixed and variable costs. In other words, the total is semi-variable in nature.

Linear-square regression is a better technique than high-low analysis because it is more reliable.

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Answer 2

Answer:

High-low method and least-square

regression are used by accountants to

estimate fixed costs and the variable

cost per unit for total costs by using the

historical data.

of

The total cost of a business is sum of

fixed and variable costs. In other words,

the total is semi-variable in nature.

Linear-square regression is a better

technique than high-low analysis

because it is more reliable.