10/30/23, 8:22 PM
Chapter 4 Quiz
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CHAPTER 4 - Cost-Volume-Profit Analysis
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Question 7
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A non-numerical cost estimation technique whereby managerial judgement is employed to determine whether a cost is
fixed, variable or mixed is known as:
Select one:
a. The High-Low Method.
b. The Least-Squares-Regression Method.
c. The Graphical Method.
d. Account Analysis.
Your answer is incorrect.
Explanation: A non-numerical cost estimation technique whereby managerial judgement is employed to determine
whether a cost is fixed, variable or mixed is known as Account Analysis.
The correct answer is: Account Analysis.
