ACCT 2101 Chapter : Ch 5 - My Notes + Typed Outline From The Text
14 views3 pages
Get access
Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers
Related Documents
Related Questions
Match the items in the two columns below by entering theappropriate code letter in the space provided.
The amount of revenue remaining after deducting variablecosts. | |
Costs that contain both a variable and a fixed element. | |
The percentage of sales dollars available to cover fixed costsand produce income. | |
Identifies the activity which causes changes in the behavior ofcosts. | |
The difference between actual or expected sales and sales atthe break-even point. | |
Costs that vary in total directly and proportionately withchanges in the activity level. | |
The level of activity at which total revenues equal totalcosts. | |
The range over which the company expects to operate during theyear. | |
Costs that remain the same in total regardless of changes inthe activity level. | |
A costing approach in which all manufacturing costs are chargedto the product. | |
A method that uses the total costs incurred at the high and lowlevels of activity. | |
A costing approach in which only variable manufacturing costsare product costs and fixed manufacturing costs are period costs(expenses). |
1. | Activity index |
2. | Variable costs |
3. | Fixed costs |
4. | High-low method |
5. | Relevant range |
6. | Mixed costs |
7. | Break-even point |
8. | Contribution margin |
9. | Variable costing |
10. | Absorption costing |
Match the items in the two columns below by entering theappropriate code letter in the space provided.
The amount of revenue remaining after deducting variablecosts. | |
Costs that contain both a variable and a fixed element. | |
The percentage of sales dollars available to cover fixed costsand produce income. | |
Identifies the activity which causes changes in the behavior ofcosts. | |
The difference between actual or expected sales and sales atthe break-even point. | |
Costs that vary in total directly and proportionately withchanges in the activity level. | |
The level of activity at which total revenues equal totalcosts. | |
The range over which the company expects to operate during theyear. | |
Costs that remain the same in total regardless of changes inthe activity level. | |
A costing approach in which all manufacturing costs are chargedto the product. | |
A method that uses the total costs incurred at the high and lowlevels of activity. | |
A costing approach in which only variable manufacturing costsare product costs and fixed manufacturing costs are period costs(expenses). |
1. | Activity index |
2. | Variable costs |
3. | Fixed costs |
4. | High-low method |
5. | Relevant range |
6. | Mixed costs |
7. | Break-even point |
8. | Contribution margin |
9. | Margin of safety |
10. | Contribution margin ratio |
11. | Variable costing |
12. | Absorption costing |