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