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Question(s) / Instruction(s):

A disadvantage of the high-low method of cost analysis is that: (Points : 2)

  •         it cannot be used when there are a very large number of observations.
  •         it is too time consuming to apply.
  •         it uses two extreme data points, which may not be representative of normal conditions.
  •         it relies totally on the judgment of the person performing the cost analysis.

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