Use the following to answer question 1:

Marger, Inc., provided the following data for two recent months:

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|1. |Which of the following classifications best describes the behavior of Cost T? |
|A) |Variable |
|B) |Fixed |
|C) |Mixed |
|D) |None of the above …show more content…

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Use the following to answer question 8:

Stewart Company is attempting to classify costs according to their cost behavior. Data concerning activity and costs are listed below:

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|8. |If Stewart Company sells 1,150 units in March and this activity is within the relevant range, the expected total cost would most|
| |likely be closest to: |
|A) |$2,610.50. |
|B) |$1,774.00. |
|C) |$4,343.92. |
|D) |$4,384.50. |

|9. |A disadvantage of the high-low method of cost analysis is that: |
|A) |it cannot be used when there are a very large number of observations. |
|B) |it is too time consuming to