___3.A target income refers to:

A)Income at the break-even point.

B)Income from the most recent period.

C)Income planned for a future period.

D)Income only in a multiproduct environment.

E)Income at the minimum contribution margin.

___4.A company's normal operating range, which excludes extremely high and low volumes that are not likely to occur, is called the:

A)Margin of safety.

B)Contribution range.

C)Break-even point.

D)Relevant range.

E)High-low point.

___5.Which of the following is not a product cost?

A)Direct labor.

B)Indirect manufacturing costs.

C)Direct materials.

D)Manufacturing overhead.

E)All of the items listed above are product costs.