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Match the Following Terms with Their Definitions

Question 203

Matching

Match the following terms with their definitions.

Premises:
Vary in proportion to changes in activity levels
A specific activity range over which the cost changes are of interest.
Remain the same in total dollar amount as the level of activity changes
The excess of sales revenues over variable costs
Where a business's revenues exactly equal costs
Responses:
Fixed costs
Break-even point
Relevant range
Contribution margin
Variable costs

Correct Answer:

Vary in proportion to changes in activity levels
A specific activity range over which the cost changes are of interest.
Remain the same in total dollar amount as the level of activity changes
The excess of sales revenues over variable costs
Where a business's revenues exactly equal costs
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