This preview shows page 1. Sign up to view the full content.
Unformatted text preview: High-Low Method: A technique that uses the highest and lowest total costs as a basis for estimating the variable cost per unit and the fixed cost component of a mixed cost Margin of Safety: Indicates the possible decrease in sales that may occur before an operating loss results Mixed Costs: A cost with both variable and fixed characteristics, sometimes called a semivariable or semifixed cost Variable Costs: Costs that vary in total dollar amount as the level of activity changes...
View Full Document
This note was uploaded on 10/05/2010 for the course ACCOUNTING n/a taught by Professor N/a during the Summer '09 term at Kaplan University.
- Summer '09