Bookkeeping

Introduction to the High-Low Card Counting Strategy

It enables identifying the cost structure of a given product, which enables estimating the cost of production given a level of output. In cost accounting, the high-low method is a technique used to split mixed costs into fixed and variable costs. Although the high-low method is easy to apply, it is seldom used because it can distort costs, due to its reliance on two extreme values from a given data...

Contribution Margin Ratio: Definition, Formula, and Example

Crucial to understanding contribution margin are fixed costs and variable costs. A good contribution margin is one that will cover both variable and fixed costs, to at least reach the breakeven point. A low contribution margin or average contribution margin may get your company to break even. The variable costs to produce the baseball include direct raw materials, direct labor, and other direct production...

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