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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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