Reviewing cost behaviour patterns over time from the accounting records and using that review to predict future costs best describes: Regression analysis Scatter plots Analysis at the account level Two-point methods

Reviewing cost behaviour patterns over time from the accounting records and using that review to predict future costs best describes: Regression analysis Scatter plots Analysis at the account level Two-point methods

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 16MC: Which of the following methods of cost estimation relies on only two data points? A. the high-low...

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

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Reviewing cost behaviour patterns over time from the accounting records and using that review to predict future costs best describes:
O Regression analysis
O Scatter plots
O Analysis at the account level
O Two-point methods

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