High-low and regression cost estimation methods are alike in that they both: Select one: O a. Have a slope term but not an intercept term. O b. Provide the same accuracy and reliability O c. Have an intercept term but not a slope term. O d. Have an intercept term and a slope term.

High-low and regression cost estimation methods are alike in that they both: Select one: O a. Have a slope term but not an intercept term. O b. Provide the same accuracy and reliability O c. Have an intercept term but not a slope term. O d. Have an intercept term and a slope term.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 16MC: Which of the following methods of cost estimation relies on only two data points? A. the high-low...

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Question

High-low and regression cost estimation methods are alike in that they both:
Select one:
O a. Have a slope term but not an intercept term.
O b. Provide the same accuracy and reliability
O c. Have an intercept term but not a slope term.
O d. Have an intercept term and a slope term.

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