Advantages of the method of least squares over the high - low method Part II: Problems (To see the answer, click on the solution button.).
The high - low method enables you to estimate variable and fixed costs based on the highest and lowest levels of activity during the period. Just follow three steps.
Use the high low method to determine: variable cost per unit, total fixed costs, and the total cost equation. Step 1: Select the activity with the highest and. How to Use the GED Science Prep Course. Make planning easier by creating your own custom course. Job Interviewing Tip Videos. What are the methods for separating mixed costs into fixed and variable?. Inventory and Cost of Goods Sold. SAT Accommodations for English Language Learners. An error occurred trying to load this video.