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Match Each of the Following Terms (A)through (J)with the Appropriate

Question 177

Matching

Match each of the following terms (a)through (j)with the appropriate definitions 1 through 10.

Premises:
Costs that are expensed in the period they are incurred.
Sales less variable production costs.
A specific number of units sold that produces total income equal to zero.
A costing method that includes all manufacturing costs.
Direct labor, direct materials, and manufacturing overhead.
An income statement format that focuses on cost behavior.
Sales less variable expenses.
A costing method that includes only variable manufacturing costs.
Sales less cost of goods sold.
Contribution margin divided by sales.
Responses:
Break-even point
Contribution margin
Contribution format
Contribution margin ratio
Product costs
Variable costing
Absorption costing
Gross margin
Period costs
Manufacturing margin

Correct Answer:

Costs that are expensed in the period they are incurred.
Sales less variable production costs.
A specific number of units sold that produces total income equal to zero.
A costing method that includes all manufacturing costs.
Direct labor, direct materials, and manufacturing overhead.
An income statement format that focuses on cost behavior.
Sales less variable expenses.
A costing method that includes only variable manufacturing costs.
Sales less cost of goods sold.
Contribution margin divided by sales.
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