Examlex
Relative dating techniques establish the age of a fossil only in comparison to other material found with it.
High-low Method
A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.
Machine Hours
A measure of the amount of time a machine is operated, used in accounting to allocate manufacturing overhead costs.
Cost Driver
A factor that causes a change in the cost of an activity, essentially determining the level of expense incurred in producing a product or service.
Least Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of the squares of the differences between observed and predicted values.
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