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Select the term from the list provided that best matches each of the following descriptions. 1. 2. 3 4. 5. 6. A cost that remains
Select the term from the list provided that best matches each of the following descriptions. 1. 2. 3 4. 5. 6. A cost that remains constant in total when volume changes The way a cost changes relative to changes in a measure of activity A company's cost mix or relative proportion of variable and fixed costs to total costs The difference between a company's sales revenue and its variable costs Costs composed of both fixed and variable components A cost that changes in total in direct proportion to changes in volume A factor that causes (or drives) changes in costs A condition in which a percentage change in revenue will produce a proportionately larger percentage change in net income A method of estimating the fixed and variable components of mixed cost using two data observations A method of estimating the fixed and variable components of a mixed cost where data are plotted on a graph and a line is visually fit to the data 7. 8. 9. 10
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