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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What are the advantages of the scattergraph method over the high-low method? The high-low method over the scattergraph method?

To determine

Explain the advantages of scatter graph method and high-low method over each other.

Explanation

Scatter Graph Method:

The method which is used to show the total mixed cost at different output levels by using graphs is known as scatter graph method. In this method, two points, which shows the relationship between cost and output are selected and joined.

High Low Method:

The method in which, high and low points of data are used to classify the mixed cost into fixed and variable cost known as high low method...

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