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Match the statements on the left with the appropriate term or concept on the right. Each lettered item may be used once or more than
Match the statements on the left with the appropriate term or concept on the right. Each lettered item may be used once or more than once (Fixed costs + Target profit 7 (Price per unit Variable a. None of the choices are correct cost per unit) b. Cost-volume-profit graph A diagram that shows changes in profitability based on c. Sales mix activity d. Contribution margin A technique that examines changes in profit based on changes in volume, prices and costs e. An uncertainty, limitation, or assumption Fixed costs remain constant in total within the relevant f. Cost-volume prolit analysis range g. A use of CVP information Evaluating performance h Units needed achieve target profit Planning and monitoring operations Preparing financial statements Proportion of different products or services a company sells Revenue and cost function linearity Revenue minus Variable costs
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