Examlex
"Savings" is best described as:
Variable Utilities Cost
Expenses for utilities that change in proportion to the level of production or activity of a business.
High-low Method
The high-low method is a straightforward way to estimate the variable and fixed components of a cost by using the highest and lowest activity levels and the corresponding total costs.
Machine Hour
A unit of measurement that represents an hour of operation of a machine or equipment.
Fixed Costs
Expenses that do not change in proportion to the level of production or sales, such as rent and salaries.
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