Asked by
Bryant Ferrell Soetanto
on Oct 20, 2024
Verified
A line on a scatter diagram that is intended to reflect the past relation between cost and volume is the:
A) Margin of safety line.
B) Break-even line.
C) Contribution margin line.
D) Estimated line of cost behavior.
E) Standard cost line.
Estimated Line of Cost Behavior
A projection or forecast of how costs will change with different levels of activity.
- Comprehend different procedures for approximating cost behavior, such as the high-low method and the least-squares regression method.
Verified Answer
AK
Learning Objectives
- Comprehend different procedures for approximating cost behavior, such as the high-low method and the least-squares regression method.