The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

Learn what prime cost means, its formula, and calculation methods to optimize profit margins and pricing strategies in manufacturing.

We may receive a commission from our partners if you click on a link to review or purchase a product or service. Click to Learn More Calculating the total cost of ownership (TCO) involves comparing ...