Examlex
Which fruits are high in iron?
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.
High-Low Method
An approach to estimate fixed and variable costs from the highest and lowest activity levels.
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