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High-low Method
In cost accounting, a strategy for estimating fixed and variable costs by looking at the peak and bottom activity levels.
Fixed Cost
An expense that does not change with an increase or decrease in the number of goods or services produced or sold.
Electricity
A form of energy resulting from the existence of charged particles, used as a power source.
Least-squares Regression
This is a statistical method used to determine a line of best fit by minimizing the sum of squares of the distances of data points from the line.
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