This is assignment for accounting class.

Please this has to be on your own words and Avoid

brevity.

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– 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….

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