High-low method is used for estimation of
A. linear coefficient
B. cost coefficient
C. slope coefficient
D. price coefficient
Answer: Option C
Solution(By Examveda Team)
High-low method is used for estimation of slope coefficient. The slope coefficient usually refers to the coefficient of any independent variable, x, in a regression equation. It tells the amount of change in y that can be expected to result from a unit increase in x.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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