A disadvantage of the high-low method of cost analysis is that:
A) It uses two extreme data points, which may not be representative of normal conditions
B) It results in totally inaccurate cost formulas
C) It is very time consuming to apply
D) All of the above
Correct Answer:
Verified
Q18: Engineering estimates are cost estimates based on
Q19: The cost estimation method of "statistical methods"
uses
Q20: The engineering estimates method is less costly
Q21: The cost being estimated is the dependent
Q22: A scattergraph plots past costs against past
Q24: In the cost equation TC = F
Q25: In the cost formula TC = F
Q26: Which of the following cost estimation methods
Q27: Which of the following statements best describes
Q28: Which of the following statements is not
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