An estimate of how much cost it will be to produce a product based on the company's highest cost price and lowest cost price during the accounting period.
Related information about high-low method:
- High-Low Method | Formula | Example | Managerial Accounting
High-Low method is a managerial accounting technique used to split a mixed cost into its fixed and variable components. High-Low method example.
- high-low method definition | AccountingCoach.com
A technique used to determine the variable rate (slope of a total cost line) of an independent variable and the fixed amount by.
- Cost Accounting: High Low Method - YouTube
Feb 8, 2011 ... Description of how to calculate fixed and variable portions of mixed costs using the High Low Method.
- High-Low Method Definition | Investopedia
In cost accounting, a way of attempting to separate out fixed and variable costs given a limited amount of data. The high-low method involves taking the highest ...
- High-Low Method: Definition from Answers.com
Algebraic procedure used to separate a semivariable cost or mixed cost into the fixed and the variable components.
- What is high-low method? definition and meaning
Definition of high-low method: A cost-accounting technique that uses the highest and lowest total cost as a basis for estimating the fixed and variable elements of ...
- What Are the Advantages & Disadvantages of High-Low Method ...
Fixed and variable expenses mean different things to the accountant. Fixed expenses remain unchanged in total throughout the year. These expenses decrease ...
- Examples of the High-Low Method of Accounting With Sales & Total ...
Businesses use the high-low method of accounting when they want to accurately calculate the variable and fixed costs for a certain amount of sales.