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Which most serious shortcoming of the high-low method

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Reference no: EM132791441

Problem 1: The most serious shortcoming of the high-low method of estimating a mixed cost function is that it:

a) is based on a very small portion of the available data

b) focuses on fixed costs only and ignores variable costs

c) usually overestimates the total cost

d) can only be used if contribution margin income statements are also being used

Reference no: EM132791441

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