1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aksik [14]
3 years ago
10

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

Mathematics
2 answers:
Artyom0805 [142]3 years ago
5 0

Answer:

a. high-low method.

b. scatter diagrams.

d. least-squares regression.

Step-by-step explanation:

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

  • high-low method.

  • scatter diagrams.

  • least-squares regression.
Allushta [10]3 years ago
4 0

Answer:

a. high-low method.

b. scatter diagrams.

d. least-squares regression.

Step-by-step explanation:

Costing is a measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities etc.

On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses etc.

In Financial accounting, the three methods used to classify costs into their fixed and variable components includes high-low method, scatter diagrams and least-squares regression.

The high-low method is a quick and easy way to estimate costs by using historical accounting information from a range of reporting periods.

A scatter diagram (scattergraph) estimate costs by considering all the data points and not just the lowest or highest point.

A least squares regression line is a standard technique in regression analysis used to make the vertical distance obtained from the data points running to the regression line to become very minimal or as small as possible.

Generally, the sum of the residuals of a least squares regression line is always equal to zero.

You might be interested in
Mateo makes 6 loaves of banana bread. He sells 2/3 of the loves of bread at the bake sale. Which expression represents how many
Lesechka [4]

Answer: 6 * 2/3

Step-by-step explanation:

7 0
3 years ago
Pls help a brother out!
Leviafan [203]

Answer:

12 maybe the ANSWER.

hope it helps you

3 0
3 years ago
Read 2 more answers
Solve for h.<br> 15.3 + 1 h =1.3- 1 h
Iteru [2.4K]

Answer:

-7 = h

Step-by-step explanation:

15.3 + 1h = 1.3 - 1h

<u>         +1h          +1h</u>

15.3 + 2h = 1.3

Remember what you do to one side you MUST do to the other.

 15.3 + 2h = 1.3

<u>-15.3           -15.3</u>

2h = -14

Now to isolate the variable you divide both sides by 2 to get, h = -7

Hope that helps and have a great day!

6 0
3 years ago
Read 2 more answers
Find the difference <br><br><br>-2(c + 2.5) - 5(1.2c + 4)​
Vikentia [17]
Answer:
|−∣=7
Explanation:

∣−∣
= |(-2-5)|
= |-2-5|
= | -7|=7
8 0
2 years ago
PLEASE HELP ME!!! ANSWER BOTH QUESTIONS &amp; I WILL MARK BRAINLIEST!!!
Nataly [62]
1)b
2)a
Let me know if u want me to show my work
5 0
3 years ago
Other questions:
  • The coordinate of A is -3, and the coordinate of B is 0.5  Find AB ..please explain answer 
    14·1 answer
  • Help I really don’t know the answer to this
    15·1 answer
  • PLEASE HELP !!!! What is the slope of the line passing through the points (1, −5)(1, −5) and (4, 1)(4, 1)?
    9·1 answer
  • John is creating a Thanksgiving display at the store where he works, using only canned pumpkin and canned green beans. He needs
    6·1 answer
  • Plz, help 20 points: What are the measures of Angles a, b, and c? Show your work and explain your answers.
    11·2 answers
  • How are tax and discount the same?
    7·2 answers
  • Each day, a factory produces a total of 280 containers of ice cream. The flavors are vanilla, chocolate, and strawberry. Each da
    5·1 answer
  • Lee and Jessie swam towards each other from opposite sides of a lake that is 3.9km wide. They began swimming at 2:00 P.M. and me
    15·1 answer
  • The next model of a sports car will cost 14.3% less than the current model. The current model costs $52,000. How much will the p
    15·1 answer
  • How many solutions does the nonlinear system of equations graphed below have?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!