In using the high-low method, the data which relate to company’s operation during abnormal situation is: a. May or may not be used. b. Useful in the computations because all sets of data are important. c. Disregarded in the computations because they are not representative of the behavior of costs during a normal operation. d. Cannot be determined if the data is useful.

In using the high-low method, the data which relate to company’s operation during abnormal situation is: a. May or may not be used. b. Useful in the computations because all sets of data are important. c. Disregarded in the computations because they are not representative of the behavior of costs during a normal operation. d. Cannot be determined if the data is useful.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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