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JeopardyExam2Review

JeopardyExam2Review - Ch4&5 Chap 5 6 Chap 6 Vocab Chap 4-6...

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200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Ch 4 & 5 Chap 5 & 6 Chap 6 Vocab Chap 4-6
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Cost per equivalent unit = (Cost of beginning WIP inventory + Cost added during production) divided by ____________?
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Equivalent units of production
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Term for long-term fixed costs that cannot be significantly reduced in the short-term
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Committed fixed costs
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A mixed costs has both ________ and __________ components
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Fixed and variable
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A method that uses all of the data points to estimate the fixed and variable cost components of a mixed cost and minimizes the sum of the squared errors
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Least squares regression method
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The contribution margin format emphasizes cost behavior, by separating costs into _______ and _____________ categories
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Variable and fixed
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Contribution margin is used first to cover _________. Any remaining contribution margin contributes to ___________.
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Fixed expenses, net operating income
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Name 2 of the 3 items on the contribution format income statement that are expressed in total dollars AND on a per unit basis
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Sales, Variable expenses, Contribution margin
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Term for when contribution margin exactly equals fixed expenses
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Break-even point
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