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If a credit card has a provision allowing you to make purchases beyond the stated credit limit for a fee, it is referred to as
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.
High-low Method
A technique used in cost accounting to determine the variable and fixed components of a cost by analyzing the highest and lowest levels of activity.
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