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1 year ago

The three methods used to classify costs into their fixed and variable components includes:.

Business

1 answer:

ANTONII [103]1 year ago

8 0

The three methods used to classify costs into their fixed and variable components include:

scatter diagrams
high-low method
regression analysis

<h3>What is a costs classification?</h3>

This refers to the process of separation of a group of expenses into different categories which are used to bring an management's attention certain costs that are considered more crucial than others, or to engage in financial modeling.

Often time, the purpose of cost classification is to allows the manager control processes and cut costs where needed or send more resources to an area of the process that is lacking.

Furthermore, the cost classification also allows the manage to review reports and advise accounting of needed adjustments in cost classification.

Read more about costs classification

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Answer:

$1,264.50

Explanation:

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Using this formula

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2 years ago

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Answer:

Estimating un-collectible accounts expense improves the matching of revenues and expenses.

Explanation:

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When direct method is used then also the net income gets reduced, as bad debt expense and accounts receivables is affected.

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3 years ago

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2 years ago

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3 years ago

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Answer:

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3 years ago