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Discretionary Fixed Costs
Discretionary fixed costs are fixed expenses that can be adjusted or eliminated without directly impacting the short-term productivity of the business, such as advertising or research and development costs.
High-Low Method
An accounting technique used to estimate the variable and fixed components of a company's costs, based on the highest and lowest levels of activity.
Generally Accepted Accounting Principles
A collection of commonly-followed accounting rules and standards for financial reporting.
Non-Manufacturing Costs
Expenses that are not directly related to the production of goods, including selling, general, and administrative expenses.
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