Examlex
When the Ming Dynasty in China built up an army of one million, what was one of the primary reasons for this military growth?
High-Low Method
A technique in cost accounting used to estimate fixed and variable costs based on the highest and lowest levels of activity.
Utilities Cost
The expenses incurred for essential services such as electricity, water, and gas used by a business.
Cost Formula
An algorithm or equation used to predict the costs associated with producing a certain number of units.
Mixed Costs
Costs that have both fixed and variable components and change in total with the level of activity but not proportionately.
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