Question: Match the following terms with the correct definitions: (33 points) 1-Costs that do not change in total over wide ranges of volume. a-Breakeven point 2-Technique
Match the following terms with the correct definitions: (33 points)
| 1-Costs that do not change in total over wide ranges of volume. | a-Breakeven point |
| 2-Technique that estimates profit or loss results when conditions change. | b-Contribution margin |
| 3-The sales level at which operating income is zero. | c-Cost behavior |
| 4-Drop in sales a company can absorb without incurring an operating loss. | d-Margin of safety |
| 5-Combination of products that make up total sales. | e-Relevant range |
| 6-Net sales revenue minus variable costs. | f-Sales mix |
| 7-Describes how a cost changes as volume changes. | g-Fixed costs |
| 8-Costs that change in total in direct proportion to changes in volume. | h-Variable costs |
| 9-The band of volume where total fixed costs and variable cost per unit remain constant. | i-Sensitivity analysis |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
