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    Question

    Under the _________ method, the semi variable costs are

    not classified into fixed and variable costs.
    A Graphical method Correct Answer Incorrect Answer
    B Least squares Method Correct Answer Incorrect Answer
    C High and low method Correct Answer Incorrect Answer
    D Straight piece method Correct Answer Incorrect Answer
    E Simultaneous equation method Correct Answer Incorrect Answer

    Solution

    Straight piece method is a method for wage payment. The various methods used for classifying semi-varibale costs into fixed and variable costs include graphical method, simultaneous equation method, high and low method and least squares method.

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