Match the definition to the proper term.

Group of answer choices

The sales level at which operating income is zero: Total revenues = Total expenses.

[ Choose ] unit contribution margin contribution margin ratio operating leverage sensitivity analysis net income breakeven point margin of safety contribution margin income statement gross margin total contribution margin cost-volume-profit (CVP) analysis

Sales revenue minus variable expenses.

[ Choose ] unit contribution margin contribution margin ratio operating leverage sensitivity analysis net income breakeven point margin of safety contribution margin income statement gross margin total contribution margin cost-volume-profit (CVP) analysis

An income statement that groups costs by behavior rather than function; it can be used only by internal management.

[ Choose ] unit contribution margin contribution margin ratio operating leverage sensitivity analysis net income breakeven point margin of safety contribution margin income statement gross margin total contribution margin cost-volume-profit (CVP) analysis

Expresses the relationships among costs, volume, and profit or loss

[ Choose ] unit contribution margin contribution margin ratio operating leverage sensitivity analysis net income breakeven point margin of safety contribution margin income statement gross margin total contribution margin cost-volume-profit (CVP) analysis

A what-if technique that asks what results will be if actual prices or costs change or if an underlying assumption changes.

[ Choose ] unit contribution margin contribution margin ratio operating leverage sensitivity analysis net income breakeven point margin of safety contribution margin income statement gross margin total contribution margin cost-volume-profit (CVP) analysis

The excess of the unit sales price over the variable cost per unit

[ Choose ] unit contribution margin contribution margin ratio operating leverage sensitivity analysis net income breakeven point margin of safety contribution margin income statement gross margin total contribution margin cost-volume-profit (CVP) analysis

Ratio of contribution margin to sales revenue.

[ Choose ] unit contribution margin contribution margin ratio operating leverage sensitivity analysis net income breakeven point margin of safety contribution margin income statement gross margin total contribution margin cost-volume-profit (CVP) analysis

Excess of expected sales over breakeven sales