Which of the following cost estimation methods is based on two cost observations?
A) Engineering approach.
B) High-low method.
C) Account analysis.
D) Linear regression.

Name: Which of the following cost estimation methods is based on two cost observations? A) Engineering approach. B) High-low method. C) Account analysis. D) Linear regression.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

The high-low method uses two cost observations, the highest and lowest activity levels, to estimate variable and fixed costs.

Which of the Following Cost Estimation Methods Is Based on Two