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High-low
A technique used in accounting and finance to estimate fixed and variable costs by analyzing the highest and lowest levels of activity.
Cost Estimation
The process of predicting the costs of producing a product or service, typically involving historical data analysis and forecasting techniques.
Cost Line
A graphical representation of the costs incurred by a company, set against a range of production or service volumes.
Relevant Range
The range of activity within which the assumptions about fixed and variable costs are valid for the purposes of cost behavior analysis and budgeting.
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