Question

Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select None of thesTerm . .................... Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost FulTerm Full absorption costing Linearity assumption Mixed cost Relevant range Scattergraph Step-variable costTerm Step-variable cost Unit contribution margin Variable cost Variable costing None of these are correct

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Answer -

Definition Term
A. The way in which total cost behaves or changes, when some measure of activity changes. None of these are correct
B. The range of activity over which assumptions about cost behavior hold true. Relevant 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 these are correct
H. The expression of the relationship between total cost and activity expressed as y = a + b(x). Linearity assumption
I. A visual representation of the relationship between total cost and activity level. Scattergraph
J. The use of the two most extreme activity points to determine the variable cost per unit. None of these are correct
K. A measure of how well the data is represented by the formula y = a + b(x). None of these are correct
L. The difference between sales revenue and variable costs. Contribution margin
M. The difference between the unit sales price and the unit variable costs. Unit contribution margin
N. Unit contribution margin divided by the unit sales price. Contribution margin ratio
O. An external reporting method that reflects both the fixed and variable manufacturing costs in cost of goods sold. Full absorption costing
P. A costing method that focuses on cost behavior. Variable costing
Q. An internal income statement that separates fixed and variable costs. Contribution margin income statement
Add a comment
Know the answer?
Add Answer to:
Match each definition with its related term by selecting the appropriate term in the dropdown provided....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    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") 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...

  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    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") Term 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...

  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    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".) 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...

  • Variable List Provided on right side (Not correct answers listed :/ ) Ch. 5 Homework Saved...

    Variable List Provided on right side (Not correct answers listed :/ ) Ch. 5 Homework Saved 15 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".) 0.33 points 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...

  • Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption...

    Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption Mixed cost Relevant range Scattergraph Step-variable cost Unit contribution margin Variable cost Variable costing None of these are correct 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".) Term Definition A. The way in which total cost behaves or changes, when some measure...

  • the drop down list has contribution margin contribution margin income statement contribution margin ratio fixed cost...

    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 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...

  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    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".) Activity-Based Costing Appraisal or Inspection Costs Batch-Level Activities External Failure Costs Definition A. Activities that are performed to benefit the organization as a whole. B. Activities that are independent of the of the number of units, but are performed for a group all at once. c. Activities that vary in...

  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    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".) Definition A Activities that are performed to benefit the organization as a whole B. Activities that are independent of the of the number of units, but are performed for a group all at once C. Activities that vary in direct proportion to the number of units produced or customers served...

  • Please match appropriate letters and number with definition. A. Account Analysis B. Contribution ...

    Please match appropriate letters and number with definition. A. Account Analysis B. Contribution Margin C. Contribution Margin ratio  D. Constraint   E. High-Low Method  F. Margin of safety  G. Profit Equation H. Relevant Range I. Semi variable   J. Step Cost    K. "what if" analysis   L. Break even point M. Contribution margin per unit N. Contribution margin per unit of constraint O. Discretionary fixed cost P. Fixed cost     Q. Mixed Cost   R. Operating leverage X. Regression analysis Y. Scatter graph Z. Variable...

  • 2. Match the items in the two columns below by entering the appropriate code letter in...

    2. Match the items in the two columns below by entering the appropriate code letter in the space provided A. Mixed costs B. Variable costs C. Fixed costs D. High-low Method E. Relevant range F. G. H. 1. Break-even point Contribution Margin Margin of Safety Contribution Margin Ratio The amount of revenue remaining after deducting the total variable cost of sales. 2. 1. Costs that contain both a variable and a fixed element. 3. The percentage of sales dollars available...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT