Match the following terms with their definitions.
a.Relevant range
b.Break-even point
c.Contribution margin
d.Fixed costs
e.Variable costs
216.Vary in proportion to changes in activity levels
217.Remain the same in total dollar amount as the level of activity changes
218.Where a business’s revenues exactly equal costs
219.A specific activity range over which the cost changes are of interest.
220.The excess of sales revenues over variable costs
Match the following terms (a-e) with their definitions.
a.Profit-volume chart
b.Cost-volume-profit chart
c.Sales mix
d.Operating leverage
e.Margin of safety
221.Indicates the possible decrease in sales that may occur before operating loss results
222.Contribution margin divided by income from operations
223.Graphically shows costs, sales, and operating profit or loss at various levels of units sold
224.Plots only the difference between total sales and total costs
225.The relative distribution of sales among products sold by a company