Please help.

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

Allushta [10]

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.

4 0

3 years ago

Read 2 more answers

Please respond in detail

Serggg [28]

Answer:

No.

Step-by-step explanation:

As x increases 2^x will grow faster than 5 x^2. This is because the x in 2^x is an exponent and its graph grows very steeply compared with 5x^2 , as x increases.

For example when x = 10

5x^2 = 5*10^2 = 500

2^x = 2^10 =1024

When x = 11:

5x^2 = 605

2^x = 2048 and the difference will continue to increase.

6 0

2 years ago

3 pounds of lawn seeds cover 1800 ft.². How many 4 pound bags are needed to cover 8400 ft.²

vlada-n [284]

1800/3 = 600
Every pound covers 600 square feet
8400/600 = 14
14/4 = 3.5 (round up) so it would become 4.


You would need 4 bags.

I hope this helps!

6 0

3 years ago

How to construct a triangle with side lengths 10 cm and 14 cm and an angle between them of 60 degrees.

Yuliya22 [10]

Answer:

We draw line AB which is perpendicular to the 14 cm side

Since Angle C is 60 degrees that makes angle CAB = 30 degrees

Triangle CAB is a 30 60 90 triangle so line CB is half the hypotenuse or 5 cm

Line BD equals 9 cm

Line AB^2 = 10^2 - 5^2 = 75

Line AD^2 = AB^2 + BD^2

Line AD^2 = 75 + 81

Line AD^2 = 156

Line AD = 12.4899959968

Line AB = Sqr root (75) = 8.6602540378

Angle D = arc sine (8.6602540378 / 12.4899959968)

Angle D = 43.898 degrees

Angle A = 180 - 60 - 43.898 = 76.102 degrees

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Actually this could have been done a little easier by using the Law of Cosines and then the Law of Sines, but I just thought I'd show another way to solve this.

Step-by-step explanation: