Examlex
Which of the following is true of a job?
High-low Method
The high-low method is a way of estimating the fixed and variable components of a cost by using the highest and lowest activity levels and their corresponding costs.
Fixed Costs
Expenses that do not change with the level of goods or services produced by the business, such as rent and salaries.
Variable Costs
Costs that vary directly with the level of production or service volume.
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