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High-Low Method
An accounting method used to estimate the fixed and variable components of a cost based on the highest and lowest levels of activity.
Variable Maintenance Cost
Costs that change in proportion to the operational activity of a company, such as repairs and maintenance expenses that vary with usage.
Mixed Cost
A cost containing both variable and fixed cost elements, changing in total with activity level but not proportionately.
Direct Labor Hours
The total time workers spend producing a product or providing a service, directly tied to the production process.
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