Examlex
Match the declarative and procedural selves with the definition associated with that term.
-The ought self
Relevant Range
The span of activity level within which the assumptions about variable and fixed cost behaviors hold true.
High-low Method
A technique used in managerial accounting to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and the associated costs.
Variable Cost
A cost that varies directly with the level of production or volume, such as materials and labor directly involved in the production process.
Least-squares Method
A statistical technique used to determine the line of best fit by minimizing the sum of the squares of the differences between observed and estimated values.
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