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Teachers should use caution when applying the daily values found on labels to young children because they are:
High-Low Method
A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.
Variable Cost
Outlays that move in tandem with the level of production or the scale of sales.
Fixed Costs
Expenses that do not change in proportion to the activities of a business, such as rent and salaries, within a certain period or level of production.
Cost Equation
A formula used to predict the total costs of production, based on fixed and variable costs, as a function of activity levels.
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