Solved

Match the Lettered Items with the Appropriate Numbered Item

Question 182

Matching

Match the lettered items with the appropriate numbered item. Each numbered item has only one correct answer. Each lettered item may be used once, more than once, or not at all.

Premises:
Revenue minus Variable costs
Revenue and cost function linearity
Evaluating performance
A technique that examines changes in profit based on changes in volume, prices, and costs
Preparing financial statements
Fixed costsremain constant in total within the relevant range
Planning and monitoring operations
A diagram that shows changes in profitability based on activity
Proportion of different products or services a company sells
(Fixed costs + Target profit)/(Price per unit - Variable cost per unit)
Responses:
Units needed to achieve target profit
Contribution margin
Breakeven point
A use of CVP information
An uncertainty, limitation, or assumption
None of the above
Cost-volume-profit graph
Sales mix
Cost-volume-profit analysis

Correct Answer:

Revenue minus Variable costs
Revenue and cost function linearity
Evaluating performance
A technique that examines changes in profit based on changes in volume, prices, and costs
Preparing financial statements
Fixed costsremain constant in total within the relevant range
Planning and monitoring operations
A diagram that shows changes in profitability based on activity
Proportion of different products or services a company sells
(Fixed costs + Target profit)/(Price per unit - Variable cost per unit)
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