Question: Select the term from the list provided that best matches the following descriptions. Contribution margin Multiple Choice A factor that causes ( or drives )

Select the term from the list provided that best matches the following descriptions.
Contribution margin
Multiple Choice
A factor that causes (or drives) changes in costs
A condition in which a percentage change in revenue will produce a proportionately larger percentage change in net income
A cost that remains constant in total when volume changes
Costs composed of both fixed and variable components
The way a cost changes relative to change in a measure of activity
The difference between a company's sales revenue and its variable costs
A company's cost mix or relative proportion of variable and fixed costs to total costs
A cost that changes in total in direct proportion to changes in volume

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!