Accounting · Cost Behavior and Regression Analysis
Consider the following statements regarding the advantages of linear regression analysis over the high-low method in analyzing cost behavior: 1. The reliability of the analysis can be statistically tested. 2. It takes into account all of the available historical data points. 3. It assumes a linear cost behavior. Which of the above statements represent advantages over the high-low method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 and 2 only✓
- 41 only
Correct answer
1 and 2 only
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