On the line in front of each statement, enter the letter corresponding to the te
ID: 2389381 • Letter: O
Question
On the line in front of each statement, enter the letter corresponding to the term that bestfits that statement. An item may be used more than once or not at all.
A. fixed cost E. relevant range
B. variable cost F. mixed cost
C. absorption costing G. sales mix
D. contribution margin H. variable costing
_____ a scope of activity in which a specific relationship exists between cost and volume
_____ the combination of products that makes up total sales
_____ a cost whose total amount changes in direct proportion to changes in volume
_____ the excess of the sale price over the variable expense per unit
_____ the costing method that assigns only variable manufacturing costs to products
Explanation / Answer
On the line in front of each statement, enter the letter corresponding to the term that best
fits that statement. An item may be used more than once or not at all.
A. fixed cost E. relevant range
B. variable cost F. mixed cost
C. absorption costing G. sales mix
D. contribution margin H. variable costing
relevant range a scope of activity in which a specific relationship exists between cost and volume
sales mix the combination of products that makes up total sales
variable cost a cost whose total amount changes in direct proportion to changes in volume
contribution margin the excess of the sale price over the variable expense per unit
variable costing the costing method that assigns only variable manufacturing costs to products
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