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
Help! problem:<br>5-x=11+x
snow_tiger [21]
The answer is x=-3

5-x=11+x
-11  -11             First subtract 11
-6-x=x          
+x  +x                Now add x to both sides
-6=2x 
~2 ~2                 Finally divide by 2
-3=x                   Your answer is x=-3

7 0
3 years ago
From a club of 24 people, in how many ways can a group of four members be selected to attend a conference?
Kamila [148]

Answer:

255,024

Step-by-step explanation:

24 x 23 x 22 x 21

24 options for the first member

23 options for the second member

22 options for the third member

21 options for the last member

6 0
3 years ago
If the first term is 5 and the common difference is -3?
Doss [256]
-2 is the answer
----------------------------
You're Welcome.


6 0
3 years ago
1.What is the cross section formed by a plane that contains a vertical line of symmetry for a tetrahedron?
stiks02 [169]

1. Answer;

- Triangle

Explanation;

The cross section formed by a plane that contains a vertical line of symmetry for a tetrahedron is a Triangle.

A tetrahedron also a triangular pyramid, is a polyhedron composed of four triangular faces, six straight edges, and four vertex corners.

2. Answers

- Triangle

Explanation;

The cross section formed by a plane that intersects three faces of a cube is a Triangle. A cross section is the shape we get when cutting straight through an object. The shape of the cross-section of a solid depends upon the orientation of the cutting plane to the solid.

7 0
3 years ago
Read 2 more answers
Tiffany’s allowance is reduced $1.25 every time she forgets to clean her room.
snow_tiger [21]

Answer:

$8.75 is your answer.

Step-by-step explanation:

What you do is you multiply 1.25 by 7.

<em>1.25 x 7 = $8.75</em>

$8.75 is your answer.

4 0
3 years ago
Other questions:
  • Which best describes the function on the graph?
    13·1 answer
  • What is the best defenition for sample as used in in statistics​
    10·1 answer
  • If a base is negative, how will you know whether the answer is positive or negative before evaluating it?
    14·2 answers
  • A square quilt is made by sewing smaller square sections together. The same number of smaller squares are in each row. Beth’s sq
    7·2 answers
  • (6x + 4)<br> verbal description
    15·1 answer
  • Emilia has a bag of colored marbles. The bag contains the same ratio of red marbles to blue marbles as the ratio of green marble
    9·1 answer
  • 10(x-5)= -80 <br>what is the value of the x​
    13·1 answer
  • Suppose the radius of a cylinder changes, but its volume stays the same. How must the height of the cylinder change?
    12·1 answer
  • PLEASE help me!!!
    12·1 answer
  • Given ƒ(x) = x + 10 and g(x) = x2 + 5x - 1, find ƒ(3) + g(5).
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!