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If the average daily sales is high is the collection period high or low?
low
How can you calculate variable manufacturing cost when total variable cost is not given?
The high-low method can be used to compute the variable cost of producing a good if the total variable cost is unknown.The high-low method requires knowledge of the total costs of producing goods, in two different time periods. These totals include fixed costs, so the "variable cost" is still unknown.For example:In month one, 7000 units were produced at a cost of $5000.In month two, 8000 units were produced at a cost of $5500.Here is the high-low method: Divide the difference in cost by the difference in production to get the variable cost per unit.(5500 - 5000) / (8000 - 7000) = $0.50 per unit.The fixed cost can now be computed. $5000 - $0.50 x 7000 = $1500.Alternatively: $5500 - $0.50 x 8000 = $1500.The high-low method has been used in the example to demonstrate that a production plant has a monthly fixed cost of $1500 and has a variable cost of $0.50 for each unit produced.Now, given any month's total production cost, the variable cost can be computed by deducting $1500 from the cost.The method is called "high-low" because the two production periods used for the computation would, in practice, be the period with the highest level of production and the period with the lowest level of production.
Do extremely high or low scores affect the value of the median?
No, extremely high or low values will not affect the median. Because the median is the middle number of a series of numbers arranged from low to high, extreme values would only serve as the end markers of the values.
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.
What is high and low estimate of 541-293?
To find the high and low estimates of 541 - 293, we can round the numbers for simplicity. Rounding 541 to 540 and 293 to 300 gives a high estimate of 540 - 300 = 240. For a low estimate, rounding 541 down to 540 and 293 down to 290 results in 540 - 290 = 250. Therefore, the high estimate is 240, and the low estimate is 250.
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
What are the advantages of reducing balance method of depreciation?
Main advantage of using reducing balance method is that it uses the high value at start of life of asset while low value in later years when asset is not working at 100% capacity.
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.
Define high low method?
The high-low method is a technique used to separate fixed and variable costs within a mixed cost. By comparing the highest and lowest activity levels and the corresponding total costs, this method allows you to estimate the fixed and variable components of a cost.
Advantages of monolithic and hybrid IC?
low cost high reliability
What are the advantages of injection compression molding?
Not high in fact very low
What is the simplest method to measure a linear cost function from past data?
high-low method
What are the advantages of sushi?
Low fats, high protein no carbohydrates, low in cholestrole
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.
