Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match all of them please Match the following statements to the appropriate terms. 1. The amount of revenue remaining after deducting variable costs. 2. Costs

image text in transcribed

Match all of them please

Match the following statements to the appropriate terms. 1. The amount of revenue remaining after deducting variable costs. 2. Costs that contain both a variable and a fixed component. 3. The percentage of sales dollars available to cover fixed costs and produce income. Relevant range Margin of safety in dollars Fixed costs Variable costs High-low method Break-even point in sales dollars Contribution margin ratio Mixed costs Contribution margin Activity index 4. Identifies the activity that causes changes in the behavior of costs. 5. The difference between actual or expected sales and break-even point in sales dollars. 6. Costs that vary in total directly and proportionately with changes in the activity level. 7. The level of activity at which total revenues equal total costs. 8. The range over which the company expects to operate during the year. 9. Costs that remain the same in total regardless of changes in the activity level. 10. A method that uses the total costs incurred at the high and low levels of activity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp

1st Canadian Edition

978-0132490252, 132490250, 978-0176223311

Students also viewed these Accounting questions