| Chapter Objectives (See related pages)
After studying Chapter 3, you should be able to:
LO1 | Understand how fixed and variable costs behave and how to use them to predict costs. | LO2 | Use a scattergraph plot to diagnose cost behavior. | LO3 | Analyze a mixed cost using the high-low method. | LO4 | Prepare an income statement using the contribution format. | LO5 | (Appendix 3A) Analyze a mixed cost using the least-squares regression method. |
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