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Author Question: There are four common cost behavior patterns that serve as the foundation for cost-volume-profit ... (Read 23 times)

erikka246

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Question 1

Three popular methods of identifying variable and fixed components of a cost are the scattergraph method, the high-low method and regression analysis. Compare and contrast these three methods.

Question 2

There are four common cost behavior patterns that serve as the foundation for cost-volume-profit analysis.

Required:

a.Explain the term cost behavior.
b.List the four common cost behavior patterns that serve as the foundation for
cost-volume-profit analysis and give an example of each type of cost classified
by behavior.
c.Explain the relationship between level of activity and each of the four types
of cost behavior.


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Marked as best answer by erikka246 on Feb 5, 2023

Tester

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erikka246

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


samiel-sayed

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Reply 3 on: Yesterday
Wow, this really help

 

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