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Assume that a managerial accountant regularly communicates with business associates to avoid conflicts of interest and advises relevant parties of potential conflicts. In so doing, the accountant will have applied the ethical standard of:
Expected Costs
Anticipated costs based on future events, often derived from historical data and forecasting.
Activity Levels
The volume of production or the level of sales activity within a company, which can affect various costs and pricing strategies.
High-low Method
An accounting technique used to estimate variable and fixed costs by analyzing the lowest and highest levels of activity and their associated costs.
Mixed Cost
An expense that contains both fixed and variable components, changing in total with the level of activity but not in a directly proportional manner.
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