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High-low Method
A way of attempting to understand cost behavior by analyzing the difference in cost between the highest and lowest volume levels.
High-low Method
A technique used in managerial accounting to estimate variable and fixed cost components of a cost by analyzing the highest and lowest activity levels.
Electrical Cost
Electrical cost refers to the expenses incurred from the use of electricity, often a significant component of utility costs for homes and businesses.
Machine-hour
A measure of the amount of time a machine is run, often used as a basis for allocating manufacturing overhead to products.
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