Question
The ____________ indicates the possible decrease in sales that may occur before an operating loss results. Margin of safety Operating Leverage Contribution Margin None of
The ____________ indicates the possible decrease in sales that may occur before an operating loss results.
Margin of safety
Operating Leverage
Contribution Margin
None of the above
______________________ cause the cost of an item to change.
LIFO
FIFO
Activity Base
None of the Above
The _______________ indicates the percentage of each sales dollar available to cover fixed costs and to provide income from operations.
Contribution margin
Sales
Variable cost per unit
None of the above
The _______________________ is the level of operations at which the companys revenues and expenses are equal.
Contribution level
Operating leverage
Break-even point
None of the above
In terms of variable costs, the ____________ remains the same regardless of changes in the activity base.
Cost per unit
Total Cost
Fixed Cost
None of the above
In terms of variable costs, the ____________ changes in proportion to the changes in the activity base.
Cost per unit
Total Cost
Fixed Cost
None of the above
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