Each of the following statements may or may not describe

Reference no: EM13482310

Listed below are nine technical accounting terms:

Cost volume profit analysis
contribution margin ratio
Variable cost
Break even point
Activity Base
Cost driver
Margin of safety
High low method
contribution margin

Each of the following statements may (or may not) describe one of these technical terms.

(a) The amount by which sales revenue exceeds total variable cost expressed as a percentage of sales.

(b) The amount by which sales volume exceeds the break-evenpoint.

(c) The study of financial statements by a potential investor or creditor as a means of evaluating the profitability and solvency of a business.

(d) A type of activity that has a causal effect in the occurrence of a particular cost.

(e) The level of sales at which revenue equals operating expenses.

(f) A cost that responds to changes in sales volume by less than aproportionate amount.

(g) A mathematical technique used to determine the fixed and variable elements of a mixed or semi-variable cost.

Reference no: EM13482310

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