Examlex
Solve the multi-angle equation below.
Estimate
An approximation or educated guess regarding the value, quantity, or extent of something, often used for budgeting and planning processes.
High-Low Method
A way to estimate the fixed and variable components of a cost by analyzing the highest and lowest activity levels and their associated costs.
Fixed Cost
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.
Machine Hours
A measure of the amount of time a machine is operated, used in cost accounting to allocate costs to products.
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