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What are the advantages of high-low method?
The high-low method can help identify fixed and variable costs within a data set. It is simple and easy to apply, making it a quick way to estimate costs without complex calculations. Additionally, it can provide a rough estimate of future costs based on past data.
What is the different sum-of-the-year digits method versus the straight line method?
Straight line depreciation method allocate equal amount for all years while in sum of years digit method depreciation is allocated with high amount in initial years while low amount in later years.
What are the advantages of the direct arc melting method?
The direct arc melting method offers high purity of materials, allows for precise control of the composition, and enables the production of custom alloys. Additionally, it has the capability of melting a wide range of materials, including refractory metals and reactive elements.
How do you calculate depreciation using Written Down Value Method?
Rate of depreciation = 1-(salvage value/Cost of asset)^(1/n) n-> useful life of the asset. This rate of depreciation is charged on the net book value of the asset of each year.! The depreciation rates are high at the start and low towards the end of useful life of the asset
What are advantages of greedy method?
Greedy algorithms are simple to implement and easy to understand. They typically have a low time complexity, making them efficient for some problems. Greedy algorithms can provide quick solutions when the problem can be solved by making locally optimal choices.
What are the advantages of the high low method?
what are the usefulness of high low method
What is High-low method of variable cost and fixed cost?
High and low method is the method for separating fixed cost and variable cost from mixed cost.
What are the limitations for high-low method in accounting?
churvaness
What are the limitations for high low method in accounting?
churvaness
Is the high-low method less accurate than the least-squares regression method for analyzing the behavior of mixed cost?
The fact that the high-low method uses only two data points is a major defect of the method.
What is the simplest method to measure a linear cost function from past data?
high-low method
When you have an average high or low temperature what does is the mean temperature?
In a daily temp. average, there is high and low, also the term mean temperature. Define mean temperature.
Define penetration index and show how it is related to temperature susceptibility?
high penetration index shows low temperature susceptibility, low penetration index shows high temperature suspectibility.
Find the estimate cost equation using the high low method?
Coness
What is the basic difference between account analysis method and high-low method as applied in cost estimation?
The basic difference between the account analysis method and the high-low method in cost estimation lies in their approach to identifying fixed and variable costs. The account analysis method involves a detailed review of each account in the financial records to classify costs based on their nature, while the high-low method uses only the highest and lowest activity levels to estimate variable and fixed costs, making it simpler but potentially less accurate. The account analysis method provides a more comprehensive view, whereas the high-low method is quicker but may overlook variations within the data.
What is the high plus the low divided by 2?
To find the average of the high and low values, you add the high value to the low value and then divide the sum by 2. The formula is: (high + low) / 2. This calculation gives you the midpoint or average of the two values. It’s a useful method for finding a central value between two extremes.
What is the criticized of high low method?
It ignores much of the available data by concentrating on only the extreme points.
