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1) High-low method is normally more accurate than least-squares regression method in analyzing cost behavior.

i) True

ii) False

2) In least-squares regression method, total cost is considered to be "Y", dependent variable.

i) True

ii) False

3) On income statement prepared by traditional approach, costs are organized and presented according to function.

i) True

ii) False

4) Following costs are all exs of committed fixed costs: depreciation on buildings, advertising, insurance, and management development and training.

i) True

ii) False

5) Least-squares regression method find outs regression line which minimizes sum of squared deviations from plotted points to line.

i) True

ii) False

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  • Reference No.:- M916332

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