JeopardyExam3Review

JeopardyExam3Review - Chap8&6 Chap 6 & 8 Chap 7...

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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 Chap 6 & 8 Chap 7 Chap 7
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_______ budgets are prepared for a single, planned level of activity
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Static
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A __________ budget may be prepared for any activity level within the relevant range
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Flexible
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In a flexible budget total ______ costs change in direct proportion to changes in activity
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Variable
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A ______ budget is prepared for the same activity level as actually achieved
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Flexible
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Term for when contribution margin exactly equals fixed expenses
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Break-even point
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Name one method to calculate break-even in dollar sales or unit sales
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Equation method, formula method
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A formula to calculate the break-even point is: sales= variable expenses + fixed expenses + profits. What number should be entered into the equation for profits when calculating the break-even point?
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Zero
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Excess of budgeted (or actual) dollar sales over the break- even dollar sales
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This note was uploaded on 01/11/2012 for the course ACC 252 taught by Professor Franklin during the Fall '08 term at Syracuse.

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JeopardyExam3Review - Chap8&6 Chap 6 & 8 Chap 7...

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