Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as
A. disadvantage of low high method
B. disadvantage of high low method
C. advantage of high low method
D. advantage of low high method
Answer: Option B
Solution(By Examveda Team)
Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as disadvantage of high low method.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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