This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: Correct. Costvolumeprofit analysis is the study of the effects of changes in costs and volume on a company's profit. changes in costs and volume on a company's profitability ratios. cost, volume, and profit on the cash budget. cost, volume, and profit on various ratios Correct. The CVP income statement classifies costs by function and computes a contribution margin. as variable or fixed and computes gross margin. as variable or fixed and computes contribution margin. by function and computes a gross margin Correct. Contribution margin is the amount of revenue remaining after deducting fixed costs. variable costs. contrarevenue. cost of goods sold Correct. Buerhrle's CVP income statement included sales of 2,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $44,000. Contribution margin is $36,000. $80,000. $120,000. $200,000. Incorrect....
View
Full
Document
 Fall '09
 ALPER

Click to edit the document details