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Copernicus was the first to propose that Earth moved around the sun.
High-Low Method
A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.
Variable Costs
Costs that vary directly with the level of production or sales volume, such as raw materials and labor.
Fixed Costs
Expenses that do not change with the level of production or business activity, such as rent or salaries.
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