Some measure of activity that causes costs to occur.
What is a cost driver?
100
This percentage indicates how much of every Revenue dollar goes toward recovering fixed costs and earning a profit.
What is the Contribution Margin Ratio?
100
These are the three most basic types of cost behavior.
What are fixed, variable, and mixed costs?
100
The billionaire philanthropist who is Colonial Williamsburg's main benefactor.
Who is John D. Rockefeller?
200
The two most basic types of cost accounting systems.
What are job order and process costing systems?
200
Process of using ABC info to improve operations.
What is Activity Based Management?
200
In CVP, solving for Q requires the following equation.
What is Q = FC + Profit/(CM)
200
This cost remains the same per unit at every level of activity.
What is a variable cost?
200
The 23-mile stretch of road that connects Virginia's historic triangle.
What is the Colonial Parkway?
300
The type of cost system that involves cost assigned to each job.
What are job order cost systems?
300
These activities increase the worth of an organization's goods or services to customers.
What are value added activities?
300
The proportion of different products or services sold by an organization.
What is the Sales/Product Mix?
300
On a per unit basis, this cost produces a decreasing line on a cost behavior graph.
What is a fixed cost?
300
The name Busch Gardens Williamsburg change its name to (briefly) in 2006.
What is Busch Gardens Europe?
400
The type of cost system used when a large volume of similar products are produced.
What are process cost systems?
400
A grouping of individual cost items.
What is a cost pool?
400
The level of activity at which revenues cover all fixed and variable costs.
What is the BEP?
400
This type of cost cannot be traced to a cost object in an economically feasible manner.
What is an indirect cost?
400
These are the years between which Williamsburg served as the capital of colonial Virginia.
What is 1699 to 1780?
500
Most print shops would use this type of cost system.
What is a job order cost system?
500
Tasks or functions undertaken to support the production and distribution of a product or product line.
What are Product Sustaining Activities?
500
The excess of an organization's expected future sales above the BEP?
What is the Margin of Safety?
500
This is an expenditure for a period-specific cost or fixed asset, which can be eliminated or reduced without having an immediate impact on the reported profitability of a business.
What is a discretionary fixed cost?
500
This is the number of historical structures that have been restored at Colonial Williamsburg.