Please this has to be on your own words and Avoid brevity. – What are the four methods commonly used to identify the fixed and variable elements of a mixed cost? – Identify the strength and weakness of each method identified in question #1. – What is cost behavior
– List and explain (in detail) what are the perceived advantages of ABC (activity based costing) over the “traditional” method of cost allocation?
1 Methods commonly used to identify the fixed and variable elements of a mixed costThe four common methods are account analysis, High-low method; scatter graph method and regression analysis….