Importance of understanding the different cost types

Reference no: EM13744383

Linda Kaye would like you to explain to Mickelle the importance of understanding the different cost types (fixed cost, variable cost, and semi-variable cost) when undertaking cost-cutting measures.

Also use an example to explain to her the importance of cost estimation. Mickelle is very good at math so she will be interested in the accuracy of visual fit, high-low, or least-squares regression.

Reference no: EM13744383

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Importance of understanding the different cost types : Linda Kaye would like you to explain to Mickelle the importance of understanding the different cost types (fixed cost, variable cost, and semi-variable cost) when undertaking cost-cutting measures.

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