Question $6$

Select the term or phrase used to represent the sales price minus variable costs.

$-$Break$-$even point

$-$Sensitivity Analysis

$-$Margin of Safety

$-$Contribution Margin

Question $7$

Select the term or phrase that best describes the type of cost that does not increase $($in total$)$ as the sales volume increases.

$-$Variable Costs

$-$Fixed Costs

$-$Weighted Average

$-$Contribution Margin

Question $8$

Select the term or phrase that represents the number of units where Revenues equals total Costs.

$-$Operating Expenses

$-$Target Price

$-$Break$-$even point

$-$Linear profit model

Question $9$

Select the term or phrase that refers to the difference between the planned number of units sold and the number of units required to break$-$even.

$-$Sensitivity Analysis

$-$Margin of Safety

$-$Step Costs

$-$Operating Expenses

Question $10$

Select the term or phrase that describes the type of average used when calculating a contribution margin for multiple products.

$-$Weighted Average

$-$Contribution Margin

$-$Simple Average

$-$Sales Mix