ECONOMICS

Detailed explanation-1: -There are three widely used methods of separating mixed costs into their fixed and variable components: the high-low method, the scatterplot method, and the method of least squares.

Detailed explanation-2: -Three methods of separating a mixed cost into its fixed and variable components are commonly used: the high-low method. the scattergraph method. the method of least squares.

Detailed explanation-3: -Four primary segregation patterns suggested are trajectory, sieving, fluidization, and agglomeration segregation. Segregation is mainly affected by physical properties of particulate materials, handling conditions, and environmental parameters. To minimize segregation, various methods have been tried.

Detailed explanation-4: -Advantages of the High-Low Method The high-low method is an easy way to segregate fixed and variable costs. By only requiring two data values and some algebra, cost accountants can quickly and easily determine information about cost behavior.

Detailed explanation-5: -The Least-Squares regression model is a statistical technique that may be used to estimate a linear total cost function for a mixed cost, based on past cost data. The function can then be used to forecast costs at different activity levels, as part of the budgeting process or to support decision-making processes.