Rent, salaries, and utilities are all examples of _______ expenses.
What is fixed
100
__________ is an accounting method of spreading the total cost of equipment a business buys over the number of years it will be used.
What is Deprecation
100
The acronym for economics of one unit is _______.
What is EOU
100
The amount per unit that a product contributes toward the company's profitability before the fixed expenses are subtracted is known as the _______ ________.
What is contribution margin
100
The cost reduction made possible by spreading costs over a larger volume is called ______ ____ ______.
What is economy of scale
200
The variable expense that is associated with each unit of sale is known as what?
What is COGS, or cost of goods sold
200
The amount determined by subtracting the disposal value of the equipment from its actual cost and then dividing that number by the estimated number of years during which the equipment will be used is known as the ________ expense.
What is depreciation
200
The amount of product or service that you use to figure your operations and profit is known as what?
What is a unit of sale
200
To calculate the contribution margin for a unit, what formula would you use?
What is selling price-variable expenses
200
If COGS stands for cost of goods sole, COSS stands for what?
What is cost of services sold
300
Shipping and handling charges are examples of ________ expenses.
What is variable
300
One of the most common ways of determining depreciation is the _________ method of depreciation
What is straight-line
300
Do manufacturers have to use one single item to calculate a unit of sale?
What is NO!
300
Looking at how much a business makes every time it sells one item is an important way of examining _______.
What is profitability
300
The amount that equipment can be sold for at the end of its business life is referred to as the equipment's DISPOSAL value, or it's _______ value.
What is salvage
400
A business expense that changes based on the amount of product or service sold is known as a ________ expense.
What is variable
400
Depreciation expense is usually calculated how often?
What is yearly
400
The unit of sale for a wholesaler is different than the unit of sale for a ________.
What is retailer
400
The term used to describe what a customer actually buys from you is a ______ _____ _______.
What is unit of sale.
400
The difference between calculating the EOU for a wholesaler and that of a manufacturing business is that the wholesaler buys finished products from a manufacturer, so its cost of goods sold per unit does not include ______.
What is labor
500
Variable expenses vary directly as a result of _______.
What is sales
500
This refers to the default method of depreciation used to gradually reduce the carrying amount of a fixed asset over its useful life.
What is straight-line depreciation
500
If you operate a service business, you can calculate your ________ by using a unit of sale.
What is profit
500
A _______ discount is given for buying greater quantities of a product.
What is volume
500
Looking at how much a business makes every time it sells one item is an important way of examining ______.