1. A method used to separate a mixed cost using experts or other professionals that are familiar with technical aspects of the activity and associated costs is the:
A. scatter graphing B. high-low metho C. engineering approach D. regression analysis
2. Sales Revenue minus Variable Costs equals Gross Margin. True False
3. Longoria Company purchased merchandise inventory on account with a list price of $5,000 and credit terms of 1/10, n/30. What was the net or cash cost for the merchandise?