ACCT 212 Chapter Notes - Chapter 5-6: Contribution Margin, Variable Cost, Fixed Cost
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Match each of the following terms to the appropriatedefinition.
A type of cost that has two components; one that does not changein relation to the volume produced and one that does change inrelation to the volume produced. | Answer 1 |
A type of cost that does not change in relation to volumeproduced. | Answer 2 |
A type of cost that changes in relation to volume produced. | Answer 3 |
Describes a company's cost structure and the effect of fixedcosts on operating income as volume changes. | Answer 4 |
A fairly accurate calculation to determine the variable andfixed components of a cost. | Answer 5 |
The excess of sales over break-even revenue. | Answer 6 |
A method of examining different scenarios by only examiningitems that have changed. | Answer 7 |
A production level where certain costs remain the same. | Answer 8 |
The difference between sales per unit and variable costs perunit. | Answer 9 |
The answers for each one are one of these, Least squaredregression method, Fixed Costs, Incremental Analysis, RelevantRange, Mixed Costs, Operating Leverage, Margin of Safety, Variablecosts, and Contribution Margin per Unit