In which of the following method "Line of the best fix" is drawn to find out "variable overheads" and "fixed overheads" out of "semi-Variable" Overheads ?

CS Executive · Cost and Management Accounting · PYQS · June 2018
In which of the following method "Line of the best fix" is drawn to find out "variable overheads" and "fixed overheads" out of "semi-Variable" Overheads ?
(A) Graphical Presentation Method
(B) Analytical Method
(C) High & Low Point Method
(D) Least Square Method

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Cost and Management Accounting

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