Examlex
Which of the following is NOT a component of a multiple choice question?
High-Low Method
A technique in managerial accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.
Relevant
Pertaining to information or data that is directly related and significant to the decision-making process.
Contribution Margin
the difference between the sales revenue of a product and its variable costs; used to cover fixed costs and generate profit.
Variable Costs
Expenses that change in proportion to the amount of goods produced or sold, like labor and material costs.
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