determine cost function using 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.
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.
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.
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
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 usefulness of high low method
High and low method is the method for separating fixed cost and variable cost from mixed cost.
churvaness
churvaness
The fact that the high-low method uses only two data points is a major defect of the method.
high-low method
In a daily temp. average, there is high and low, also the term mean temperature. Define mean temperature.
Coness
high penetration index shows low temperature susceptibility, low penetration index shows high temperature suspectibility.
It ignores much of the available data by concentrating on only the extreme points.
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.
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.