Topic: High low Method
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What are the advantages of the high low method?
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What is High and Low Pressure?
Pressure is a measure of a force acting on a surface. It is usually caused by something tangible pressing on the surface such as air molecules in a tire acting on the sidewalls. High pressure means more pressure while low pressure means les... Read More »
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Where are Low Mid and High Latitudes?
Assuming you are talking about relative to the United States, the divisions are made as horizontal stripes across the continental states with the low latitudes in the lowest stripe, then middle and high as you head north. For more informati... Read More »
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Answers to Other Common Questions
The moon is the reason that we experience high and low tides. As the moon moves around the earth its gravitational pull causes the oceans to rise and recede. Look here for more information: www.escience.com
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Algebraic procedure used to separate a semivariable cost or mixed cost into the fixed and the variable components. The high-low method, as the name indicates, uses two extreme data points to determine the values of a (the fixed cost portion...
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1: It is easy to use and understand. 2: It needs just two activity levels. 3: Anyone with some knowledge can use this method.
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The high-low method of cost estimation is used in managerial accounting as a way to estimate variable and fixed cost rates for a specific cost (e.g. electricity bill). It utilizes information on costs from previous years of operation and ta...
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churvaness
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Companies use variable costs to evaluate business decisions, to create realistic budgets and to set selling prices. Some business decisions require the company to consider selling products at a reduced price. In these situations, the compan...
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Variable cost per unit= Difference between the highest cost and the lowest cost divided by the difference in the highest (more?)
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