Costs
Hi-Low
CVP
Formulas
Miscellaneous
100
These are the three types of costs?
What are variable, fixed, and mixed.
100
You must use these two levels of activity to find variable cost per unit.
What is high level of activity and low level of activity?
100
The study of the effects of changes in costs and volume on a company's profits.
What is cost-volume-profit analysis?
100
Changes in Total Costs/ High minus Low Activity Level= ?
What is variable cost per unit?
100
This point is where the sales line and the total-cost line intersect on a graph.
What is the break-even point?
200
This cost remains the same per unit at every level of activity.
What is variable cost?
200
This is the first step when using the high-low method.
What is determining the variable cost per unit?
200
The number of assumptions involved with CVP analysis.
What is 5 assumptions?
200
Sales=Variable Costs + Fixed Costs + ?
What is net income?
200
The difference between the actual sales and the break-even sales.
What is margin of safety?
300
This cost produces a straight, horizontal line on a graph.
What is fixed cost?
300
The high-low method classifies this cost into fixed and variable components.
What is mixed cost?
300
Sales - Variable costs= ?
What is contribution margin?
300
Margin of Safety Ratio=Margin of Safety in Dollars/ ?
What is Actual(Expected) sales?
300
When a company sets a goal for a certain profit, this number is called...
What is target net income?
M
e
n
u