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Match the following terms with the correct definitions: 1. Costs that do not change in total over wide ranges of volume. Technique that estimates profit or loss results when conditions 2. change. 3. The sales level at which operating income is zero. Drop in sales a company can absorb without incurring an operating 4. loss. 5. Combination of products that make up total sales.

Match the following terms with the correct definitions: 1. Costs that do not change in total over wide ranges of volume. Technique that estimates profit or loss results when conditions 2. change. 3. The sales level at which operating income is zero. Drop in sales a company can absorb without incurring an operating 4. loss. 5. Combination of products that make up total sales.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 1. Attached are answers. Please put in correct order. Thank you!

Match the following terms with the correct definitions: 1. Costs that do not change in total over wide ranges of volume. Technique that estimates profit or loss results when conditions 2. change. 3. The sales level at which operating income is zero. Drop in sales a company can absorb without incurring an operating 4. loss. 5. Combination of products that make up total sales.
Transcribed Image Text:Match the following terms with the correct definitions: 1. Costs that do not change in total over wide ranges of volume. Technique that estimates profit or loss results when conditions 2. change. 3. The sales level at which operating income is zero. Drop in sales a company can absorb without incurring an operating 4. loss. 5. Combination of products that make up total sales.
a. Breakeven b. Contribution margin c. Cost behavior d. Margin of safety e. Relevant range f. Sales mix g. Fixed costs h. Variable costs i. Sensitivity analysis
Transcribed Image Text:a. Breakeven b. Contribution margin c. Cost behavior d. Margin of safety e. Relevant range f. Sales mix g. Fixed costs h. Variable costs i. Sensitivity analysis
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