Question

Check my work Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) 0.3 points Term eBook Print Definition A. The way in which total cost behaves or changes, when some measure of activity changes. B. The range of activity over which assumptions about cost behavior hold true. C. A cost that changes in total in direct proportion to changes in activity while the per unit cost remains constant. D. A cost that is fixed over a narrow range of activity and increases multiple times across a relevant range. E. A cost that remains the same in total regardless of the activity level. F. Both the total cost and the cost per unit change with the level of activity G. A cost that is fixed over a wide range of activity, but increases when a capacity limit is reached. H. The expression of the relationship between total cost and activity expressed as y = a + b(x). I. A visual representation of the relationship between total cost and activity level. J. The use of the two most extreme activity points to determine the variable cost per unit. K. A measure of how well the data is represented by the formula y = a + b(x). L. The difference between sales revenue and variable costs. M. The difference between the unit sales price and the unit variable costs. N. Unit contribution margin divided by the unit sales price. 0. An external reporting method that reflects both the fixed and variable manufacturing costs in cost of goods sold. PA costing method that focuses on cost behavior. 0. An internal income statement that separates fixed and variable costs. References

the drop down list has

contribution margin

contribution margin income statement

contribution margin ratio

fixed cost

full absorption costing

linearity assumption

mixed cost

relevent range

scattergraph

step variable cost

unit contribution margin

variable cost

variable costing

none of these is correct

some terms may repeat

Answer 1

	Definition	Term
A	The way in which total cost behaves or changes, when some measure of activity changes	None of the above
B	The range of activity over which assumptions about cost behavior holds true	Relevent Range
C	A cost that changes in total in direct proportion to changes in activity while the per unit cost remains constant	Variable Cost
D	A cost that is Fixed over a Narrow range of Activity and increases multiple times across a relevant range	Step Variable Cost
E	A cost that remains the same in total regardless of the activity level	Fixed cost
F	Both the total cost and the cost per unit change with the level of activity	Mixed cost
G	A cost that is fixed over a wide range of activity, but increases when a capacity limit is reached	None of the Above
H	The expression of the relationship between total cost and activity as y = a + b(x)	Mixed cost
I	A Visual representation of the relationship between total cost and activity level	Scattergraph
J	The use of two most extreme activity activity points to determine the variable cost per unit	High Low method
K	A measure of how well the data is represented by the formula y= a + b(x)	Linerity Assumption
L	The difference between Sales revenue and Variable cost	Contribution Margin
M	The difference between the unit sales price and the unit variable cost	Unit Contribution Margin
N	Unit contribution margin divided by the unit sales price	Contribution margin ratio
O	An external reporting method that affects both the Fixed and variable manufacturing costs in cost of goods sold	Full Abosorption Costing
P	A costing method that focuses on cost behavior	Variable Cost
Q	An internal income statement that separates fixed and variable costs	Contribution margin Income statement

Notes:
A - The answer is COST BEHAVIOR. Since it was not a part of given options therefore NONE of the ABOVE written.
G - The answer is STEP FIXED COST, Since it was not found in given options, therefor NONE of the ABOVE
H - The expression itself ifsLINERITY ASSUMPTION but in costing it relates to MIXED COST
K - The expression is a representation of MIXED COST where 'y' is Total Mixed cost, 'a' is Fixed cost , 'b' is Variable cost and 'x' is the number of units

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