QUESTION 31 Please match the following terms with their definitions The operating level needed to satisfy expected sales A. Cost behavior demand B. Variable costs The maximum productive output possible over a given C. Fixed costs period. D. Relevant range V The point at which total revenues equal total costs E. Mixed costs V The way costs respond to changes in volume or activity. F. Theoretical (ideal) capacity Sales minus total variable costs G. Practical capacity A method of determining profit at different levels of volume H. Normal capacity V Costs that vary in direct proportion to volume I. Cost-volume-profit (C-V-P) analysis V Costs that remain constant within a relevant range of volume J. Breakeven point or activity K. Contribution margin V Ideal capacity reduced by normal work stoppages V Costs with both fixed and variable components. The span of activity in which actual operations are likely to occur