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Bezzdna [24]
2 years ago
12

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

Business
2 answers:
luda_lava [24]2 years ago
4 0

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

  • scatter diagrams
  • high-low method
  • regression analysis

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

This refers to the way by which economic cost are classified for proper purpose and identification.

Majority of fixed and variable cost are classified by using the scatter diagrams, high-low method and regression analysis.

Read more about costs

<em>brainly.com/question/26245657</em>

#SPJ1

sdas [7]2 years ago
4 0

Accountants use the following three methods to classify mixed costs into their fixed and variable components:

  1. High-low method
  2. Scatter graph
  3. Regression analysis.

<h3>What are mixed costs?</h3>

Mixed costs are costs that have both fixed and variable elements.

Fixed (period) costs do not change with changes in the production volume, unlike variable (differential) costs.

Thus, since variable costs are essential for decision-making, management tries to separate mixed costs so that insights into cost structure become clearer using the above three methods.

Learn more about the cost classification methods at brainly.com/question/21053145

#SPJ1

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Behavioral questions are that type of questions in which The purpose of this class of interview questions is to learn about the personal attributes of the interviewee.

<h3>What are behavioral questions?</h3>

  • Behavioral questions are a necessary component of the interview as it states about the knowledge of the interviewee except his educational and qualification skills relevant in the real world.

  • Behavioral questions are a collection of questions enquired by an interviewer to the interviewee in the one shot of interviews.

  • Such questions express so much about the answerer as it denotes their personal conceptions, and it helps to find out the ability, presence of mind, practical behavior in a situation etc.

Hence, the purpose of behavioral questions in an interview is to express about the interviewee's personal dimensions which already faced by such person.

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(1). Demand of radically innovative new product

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The combination of the two types helps to get the best outcome as it aids to mitigate weaknesses.

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