   Chapter 3, Problem 58P ### Managerial Accounting: The Corners...

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

#### Solutions

Chapter
Section ### Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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To determine

Identify the cost separation method used in the situation.

Explanation

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. This is one among the three costs of separation methods.

Least Square Method:

Least square method is used to divide mixed cost into fixed and variable costs by using set of data points. Statistically best fitting line is identified for cost separation in this method.

Scattergraph Method:

In scattergraph method, data points are plotted on the graph to visualize the relationship between total cost and output measure.

The cost separation methods used in the given situation are shown below:

 Situation Cost Separation Method a. High low method. The Person SB had data of total cost and number of procedures...

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