Name the definitions given below: ______________ 1. Technique that examines chan
ID: 2424573 • Letter: N
Question
Name the definitions given below:
______________
1.
Technique that examines changes in profits in response to changes in sales volumes, costs, and prices.
______________
2.
Percent by which the selling price (or revenue) per unit exceeds the variable cost per unit, or contribution margin as a percent of revenue.
______________
3.
Diagram of the relationship between total revenues and total costs; illustrates how an organization’s profits are expected to change under different volumes of activity.
______________
4.
Index of the extent to which the cost function is made up of fixed costs.
______________
5.
Total revenue minus total variable costs.
______________
6.
Proportion of different products or services that an organization sells.
______________
7.
Excess of an organization’s expected future sales (in either revenue or units) above the breakeven point.
______________
8.
The level of activity where equal cost or profit occurs across multiple alternatives.
______________
9.
Selling price per unit minus variable cost per unit.
______________ 10.
Level of operating activity at which revenues cover all fixed and variable costs and there is no profit.
______________ 11.
Margin of safety as a percentage of actual or estimated sales (units or revenues).
______________ 12.
A systematic tendency for people to be overly optimistic about the outcomes of their plans and projects.
______________
1.
Technique that examines changes in profits in response to changes in sales volumes, costs, and prices.
______________
2.
Percent by which the selling price (or revenue) per unit exceeds the variable cost per unit, or contribution margin as a percent of revenue.
______________
3.
Diagram of the relationship between total revenues and total costs; illustrates how an organization’s profits are expected to change under different volumes of activity.
______________
4.
Index of the extent to which the cost function is made up of fixed costs.
______________
5.
Total revenue minus total variable costs.
______________
6.
Proportion of different products or services that an organization sells.
______________
7.
Excess of an organization’s expected future sales (in either revenue or units) above the breakeven point.
______________
8.
The level of activity where equal cost or profit occurs across multiple alternatives.
______________
9.
Selling price per unit minus variable cost per unit.
______________ 10.
Level of operating activity at which revenues cover all fixed and variable costs and there is no profit.
______________ 11.
Margin of safety as a percentage of actual or estimated sales (units or revenues).
______________ 12.
A systematic tendency for people to be overly optimistic about the outcomes of their plans and projects.
Explanation / Answer
__CVP Analysis____________
1.
Technique that examines changes in profits in response to changes in sales volumes, costs, and prices.
__Contribution Margin Ratio (%)____________
2.
Percent by which the selling price (or revenue) per unit exceeds the variable cost per unit, or contribution margin as a percent of revenue.
___CVP Graph___________
3.
Diagram of the relationship between total revenues and total costs; illustrates how an organization’s profits are expected to change under different volumes of activity.
_____Degree of Operating Leverage_________
4.
Index of the extent to which the cost function is made up of fixed costs.
__Contribution Margin ____________
5.
Total revenue minus total variable costs.
_Product Mix_____________
6.
Proportion of different products or services that an organization sells.
__Margin of safety____________
7.
Excess of an organization’s expected future sales (in either revenue or units) above the breakeven point.
_Point of Indifference_____________
8.
The level of activity where equal cost or profit occurs across multiple alternatives.
____Unit Contribution Margin__________
9.
Selling price per unit minus variable cost per unit.
_______Break Even Sales _______ 10.
Level of operating activity at which revenues cover all fixed and variable costs and there is no profit.
_______Margin of safety %_______ 11.
Margin of safety as a percentage of actual or estimated sales (units or revenues).
_Optimism Bias_____________ 12.
A systematic tendency for people to be overly optimistic about the outcomes of their plans and projects.
__CVP Analysis____________
1.
Technique that examines changes in profits in response to changes in sales volumes, costs, and prices.
__Contribution Margin Ratio (%)____________
2.
Percent by which the selling price (or revenue) per unit exceeds the variable cost per unit, or contribution margin as a percent of revenue.
___CVP Graph___________
3.
Diagram of the relationship between total revenues and total costs; illustrates how an organization’s profits are expected to change under different volumes of activity.
_____Degree of Operating Leverage_________
4.
Index of the extent to which the cost function is made up of fixed costs.
__Contribution Margin ____________
5.
Total revenue minus total variable costs.
_Product Mix_____________
6.
Proportion of different products or services that an organization sells.
__Margin of safety____________
7.
Excess of an organization’s expected future sales (in either revenue or units) above the breakeven point.
_Point of Indifference_____________
8.
The level of activity where equal cost or profit occurs across multiple alternatives.
____Unit Contribution Margin__________
9.
Selling price per unit minus variable cost per unit.
_______Break Even Sales _______ 10.
Level of operating activity at which revenues cover all fixed and variable costs and there is no profit.
_______Margin of safety %_______ 11.
Margin of safety as a percentage of actual or estimated sales (units or revenues).
_Optimism Bias_____________ 12.
A systematic tendency for people to be overly optimistic about the outcomes of their plans and projects.
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