The major disadvantage of the account classification method is that it uses few observations of aggregate cost data to estimate total fixed and variable costs.

Name: The major disadvantage of the account classification method is that it uses few observations of aggregate cost data to estimate total fixed and variable costs.
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The major disadvantage of the account classification method is its reliance on subjective judgment to classify costs, not the number of observations of aggregate cost data.

The Major Disadvantage of the Account Classification Method Is That