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High-low Method
A technique used in accounting and finance to estimate fixed and variable costs based on the highest and lowest levels of activity.
Variable Electrical Costs
Costs associated with electricity that vary depending on the amount of usage or consumption over a period.
High-low Method
A technique in cost accounting used to determine the variable and fixed components of a company's costs by analyzing the highest and lowest levels of activity.
Machine Hour
A measure of the amount of time a machine is operated, used in cost accounting to allocate costs to products based on machine usage times.
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