Identify cost behavior terms (Learning Objectives 1, 2, 3, 4, 5)

Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all

a. _remain constant in total over a wide range of volume.

b. -_-_is often referred to as the “goodness-of-fit” statistic.

c. _-1 and _r_increase in total as volume increases.

d. Graphs of __always begin at the origin.

e. V-AM1 1 ^nses the manager’s judgment to determine the cost behavior of various accounts.

f. _remain constant in total over small ranges of activity.
g. _and_increase on a per unit basis as volume decreases.
h. uses only two historical data points to determine the cost line and cost equation.
i. _remain constant on a per unit basis.
j. When graphing cost equations,-are always shown on the y-axis.
k. The_should not be used to predict total costs at various vol¬ umes unless it is strictly a/an-
l. _uses all historical data points provided to determine the cost equation.
m. _arethe result of previous management decisions and are not usually controllable in the short run.

Account analysis Step cost(s) Variable cost(s) Fixed cost(s) Curvilinear cost(s) Total cost(s) R-square Mixed cost(s) High-low method Regression analysis Average cost per unit Committed fixed costs