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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.
Find the estimate cost equation using the high low method?
Coness
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.
What is the criticized of high low method?
It ignores much of the available data by concentrating on only the extreme points.
Why do you say the high low method is easy to use and understand?
The high-low method is easy to use and understand because it involves selecting the highest and lowest activity levels and their respective costs to determine variable and fixed costs. This method is straightforward and does not require complex calculations, making it accessible even to those with limited accounting knowledge.
Define high and low velocity impact?
In mechanics, an impact refers to the shock or force produced when two or more bodies collide. High and low velocity impacts basically differ in the speed at which the objects collided. Low velocity impact is normally under 30 mph while high velocity impact is above.
