Matching
Match the following terms (a-e) with their definitions.
Premises:
The relative distribution of sales among products sold by a company
Indicates the possible decrease in sales that may occur before operating loss results
Contribution margin divided by income from operations
Graphically shows costs, sales, and operating profit or loss at various levels of units sold
Plots only the difference between total sales and total costs
Responses:
Sales mix
Profit-volume chart
Operating leverage
Margin of safety
Cost-volume-profit chart
Correct Answer:
Premises:
Responses:
The relative distribution of sales among products sold by a company
Indicates the possible decrease in sales that may occur before operating loss results
Contribution margin divided by income from operations
Graphically shows costs, sales, and operating profit or loss at various levels of units sold
Plots only the difference between total sales and total costs
Premises:
The relative distribution of sales among products sold by a company
Indicates the possible decrease in sales that may occur before operating loss results
Contribution margin divided by income from operations
Graphically shows costs, sales, and operating profit or loss at various levels of units sold
Plots only the difference between total sales and total costs
Responses:
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