Select choice that states the strengths and weaknesses of the visual-fit methods. OA The visual-fit method is easy to apply and illustrates mathematically how a change in a cost driver can change total cost. However, the time it takes to collect the data is cumbersome and therefore not a very popular method. OB. The visual-fit method does not require many data points to determine the results. However, it is not reliable because it does not use all of the available data making the margin of error greater. OC. The visual-fit method uses all the available and relevant data. However, it may not be reliable since it relies on the analyst's judgment on where to place the line. OD. The visual-fit method does not require statistical sophistication in analyzing the data results. However, the method is not used as often because it makes irrelevant data relev relevant, and in turn skewing the data.
Select choice that states the strengths and weaknesses of the visual-fit methods. OA The visual-fit method is easy to apply and illustrates mathematically how a change in a cost driver can change total cost. However, the time it takes to collect the data is cumbersome and therefore not a very popular method. OB. The visual-fit method does not require many data points to determine the results. However, it is not reliable because it does not use all of the available data making the margin of error greater. OC. The visual-fit method uses all the available and relevant data. However, it may not be reliable since it relies on the analyst's judgment on where to place the line. OD. The visual-fit method does not require statistical sophistication in analyzing the data results. However, the method is not used as often because it makes irrelevant data relev relevant, and in turn skewing the data.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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