As it relates to the high-low method, for what purpose is it used? How does the concept of 'cost perunit' apply to this method?10. How are the high and low points identified?Set 3 - Answers can be found in chapter 6.1.
For what purpose is regression used?2. How is regression better than the other methods of cost estimation?3. In running a regression using Excel, what data are included in the x-range and what data areincluded in the y-range? Why?4. How are the following identified from an Excel regression output?- variable cost per unit- total fixed costs- total cost function5. How is the total cost function used to estimate future costs?This page was last edited on Monday January 04, 2010 03:30 PMWebsite designed and maintained by [email protected]Copyright �1999-2010 University of North Florida. All rights reserved.