Unformatted text preview: some point where it remains for a similar level of output. Accounting records- only contain total costs. Separating costs- high low method, scatter plot, method of least squares. Dependent variable- a variable whose value depends on the value of another variable. Independent variable- variable that measures output and explains changes in cost. High low method- method of separating mixed costs into fixed and variable components by using just low and high data points. Variable rate= high point cost- low point cost/ high output- low output...
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- Spring '11
- Managerial Accounting, Total Variable Costs=, Variable costs- increases, output- low output