High-low method
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High-low method is method used to estimate a cost function that uses only the highest and lowest observed values of the cost driver within the relevant range and their respective costs.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- High-low method. Method used to estimate a cost function that uses only the highest and lowest observed values of the cost driver within the relevant range and their respective costs.
