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QUESTION
This is a assignment for accounting class.Please this has to be on your own words and Avoid
This is a assignment for accounting class.
Please this has to be on your own words and Avoid
brevity.
- What are the four methods commonly used to identify the fixed and variable elements of a mixed cost?
- Identify the strength and weakness of each method identified in question #1.
- What is cost behavior
- List and explain (in detail) what are the perceived advantages of ABC (activity based costing) over the "traditional" method of cost allocation?
1 Methods commonly used to identify the fixed and variable elements of a mixed costThe four common methods are account analysis, High-low method; scatter graph method andregression analysis....