Business & Finance Homework Help

This is a assignment for accounting class.

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 andregression analysis….