Question 1

________ is a statistical method of identifying an estimated line of cost behavior.

Accepted Answer

The answer of ________ is a statistical method of identifying...

Question 2

The ________ is the sales level at which a company neither earns a profit nor incurs a loss.

Accepted Answer

The answer of The ________ is the sales level at...

Question 3

The difference between the unit sales price and the unit variable cost of an item is defined as the ________.

Accepted Answer

The answer of The difference between the unit sales price...

Question 4

One aid in measuring cost behavior involves creating a display of the data about past costs in graphical form. Such a visual display is called a ________.

Accepted Answer

The answer of One aid in measuring cost behavior involves...

Question 5

Examining strategies that impact several estimates in the CVP analysis is known as ________.

Accepted Answer

The answer of Examining strategies that impact several estimates in...

Question 6

A graphic presentation of cost-volume-profit data is known as a ________ graph (or chart); this presentation is also sometimes called a ________ chart.

Accepted Answer

The answer of A graphic presentation of cost-volume-profit data is...

Question 7

The ratio (proportion) of the sales volumes of the various products sold by a company is called the ________.

Accepted Answer

The answer of The ratio (proportion) of the sales volumes...

Question 8

Match between columns
                        Premises: A cost that changes as volume changes, but at a nonconstant rate.
A company's normal operating range of production volume; excludes extremely high and low operating levels that are unlikely to recur.
A cost that includes both fixed and variable cost components.
A line drawn on a graph to reflect the relation between cost and unit volume.
The amount that the sale of one unit contributes toward covering fixed costs and generating profit.
A business planning tool that helps managers predict how changes in costs and sales levels affect profit.
A cost that remains unchanged in total amount despite variations in the volume of activity within a relevant range.
A cost that remains constant over limited ranges of volumes of activity but shifts to another level when volume changes significantly.
A cost that changes in total in proportion to changes in volume of activity.
A statistical method for identifying cost behavior that is more precise than the high-low method and a scatter diagram.

Accepted Answer

The Answer of Estimated line of cost behavior and Least-squares is...

Quiz 5: Cost Behavior and Cost-Volume-Profit Analysis