{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

AC239 Unit 5 Glossary - High-Low Method A technique that...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
AC 239 Unit 5 Glossary 08/17/09 Break-Even Point: The level of business operations at which revenues and expired costs are equal Contribution Margin: Sales less variable costs and variable selling and administrative expenses Cost-Volume-Profit analysis : The systematic examination of the relationships among selling prices, volume of sales and production, costs, expenses, and profits Fixed Costs: Costs that tend to remain the same in amount, regardless of variations in the level of activity
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: High-Low Method: A technique that uses the highest and lowest total costs as a basis for estimating the variable cost per unit and the fixed cost component of a mixed cost Margin of Safety: Indicates the possible decrease in sales that may occur before an operating loss results Mixed Costs: A cost with both variable and fixed characteristics, sometimes called a semivariable or semifixed cost Variable Costs: Costs that vary in total dollar amount as the level of activity changes...
View Full Document

{[ snackBarMessage ]}