Write the letter the correct answer for each question in the ANSWER column. _____ is that range of activity within which that range of activity within the assumptions made about cost behavior are valid Margin of Safety A cost that remains constant, in total, regardless of changes in the level of the activity Breakeven _____is defined as the amount remaining from sales revenue after variable expenses have been deducted CVP _____is calculated by dividing the total contribution margin by total sales Variable Cost Expresses the relationships among Contribution Margin costs, volume, and profit or loss. Contribution Margin Ratio _____is the excess of budgeted (or actual) sales over the break-even volume of sales. Relevant Range _____is where contribution margin is equal to total fixed costs fixed costs. A cost that varies, in total, in direct proportion to changes in the level of Contribution