Examlex
Which of the following is included in M2?
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behavior are valid.
High-low Method
A way to estimate the cost-behavior formula that uses the highest and lowest levels of activity to determine fixed and variable costs.
Activity Index
A measure or indicator used to gauge activity levels within a particular domain, such as manufacturing or stock trading volume.
Process Cost System
A cost accounting system used when a company manufactures a large volume of similar products.
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