Match each of the following descriptions with the appropriate term.   Clear All Plots only the difference between total sales and total costs Indicates the possible decrease in sales that may occur before operating loss results Graphically shows costs, sales, and operating profit or loss at various levels of units sold The relative distribution of sales among products sold by a company Contribution margin divided by operating income   Profit-volume chart Cost-volume-profit chart Operating leverage Margin of safety Sales mix

Q: Which one of the following is not considered an assumption of cost-volume-profit analysis? a.…

A:

Q: Listed below are nine technical accounting terms introduced in this chapter:Variable costs Relevant…

A:

Q: Matching Following are a number of key terms and concepts introduced in thechapter, along with a…

A: Cost Accounting is a form of managerial accounting in which all the costs whether variable or fixed…

Q: In Cost-Volume-Profit analysis, it is an important assumption that all units produced are sold; in…

A: Cost-Volume-Profit analysis is performed to analyze the behavior of costs and revenues and it shows…

Q: Prepare an analysis of the sales quantity and unit price factors  did the price decrease generate…

A: Sales quantity factor = (Actual Quantity - planned Quantity) * Planned Sales Price Sales quantity…

Q: Calculation of profit change from changes in sales price, sales volume, variable costs, or fixed…

A: This question deals with profit change from changes in sales price, sales volume, variable costs, or…

Q: Once a company exceeds its breakeven level, operating income can be calculated by multiplying: The…

A: Break-even point:

Q: The Golden Fence Company and Stone Wall Corporation are competitors in manufacturing walls and…

A: Profitability ratios are the ratios that are calculated to know the different profits as a…

Q: The degree of operating leverage Select one: O a. can be computed by dividing total contribution…

A: Leverage is the risk that a company bears.

Q: Which of the following is NOT true regarding an income statement organized according to the…

A: An income statement is a financial statement that tracks both corporate revenue and expenses over a…

Q: In a multi-product company, Proportion of product sales to total sales at BEP will be equal to…

A: SOLUTION- MULTI PRODUCT COMPANY- IT WORKS BEST WHEN A CUSTOMER FOR ONE PRODUCT IS LIKELY TO BE…

Q: Using the table below, create a line chart in which profit or loss is plotted on the Y-axis and…

A: Selling price per Unit= $16 Variable Cost per unit= $11 Fixed cost in total= $505000

Q: Which of the following refers to the relative combination of products being sold by a firm? Group of…

A: Relative combination of products being sold by a firm is also known as Sales Mix As sales mix is a…

Q: statement below. The point where total sales revenue equals total cost Drag answer here Fixed…

A: The contribution margin is computed as excess of sales revenue over variable expenses. The break…

Q: hart included in screenshot as well as prior analysis** CVP analysis is used to analyze the effects…

A: Break even point ( in units ) =  Fixed costs / Contribution margin per unit Contribution = Sales -…

Q: CVP analysis with multiple products assumes that sales will continue at the same mix of products,…

A: When there are multiple products, there is change in the product mix then the weighted average is…

Q: Match the following terms with the correct definitions: 1. Costs that do not change in total over…

A: Cost accounting is a form of managerial accounting used to assess the cost of production and various…

Q: nswer the blank areas including total expenses, income from operations, what is the expected margin…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A company produces 4 different products. Table 1 shows the selling price, production cost, and…

A: Return and risk are two basic elements of every project. Return  means possibility to earn…

Q: Which of the following is a true statement? O The mark-up is designed to cover all non-product…

A: Answer: only a and c above The markup method is commonly used in pricing restaurant food menus and…

Q: A number of terms and concepts from this chapter and a list of descriptions, definitions, and…

A: Cost: It refers to the economic value incurred by a company over their business operations. A cost…

Q: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of…

A: Contribution Margin = Sales Price - Variable Costs Variable Cost of Goods Sold as a Percent of Sales…

Q: Explain the difference between the economist Cost-Volume-Profit (CVP) analysis model and the…

A: The difference in in economic cost value model and accountant cost value model is:- accountant argue…

Q: The assumptions on which cost-volume-profit analysis is based appear to be most valid for…

A: Cost volume profit analysis in the business shows relationship between costs, number of units and…

Q: All other things being equal, a company that sells multiple products should attempt to structure its…

A: we know that,  sales - variable cost = contribution

Q: A profit-volume graph differs from a cost-volume-profits graph in that a profit-volume graph…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Which of the following choices correctly denotes the data needed to allocate joint costs under the…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Margin of safety ratio is computed by dividing excess of actual or budgeted sales from break- even…

A: Margin of safety ratio = Profit ratio / Contribution margin ratio

Q: Gross profit variance analysis can be used to study the effect of:" Changes in cost of goods sold on…

A: Gross profit variance refers to the variance that occurred to the amount of gross profit from the…

Q: APPLY THE CONCEPTS: Margin of Safety Margin of safety can allow you to see how much padding there is…

A: Break Even Point( In units) = Fixed Cost / Contribution per unit  Margin of Safety( In Units) =…

Q: Which of the following is NOT an assumption of cost-volume-profit analysis?   Question 10…

A: The question is based on the concept of Cost Accounting.

Q: Cost-volume-profit-analysis can be used to determine expected income from predicted sales and cost…

A: Cost volume profit analysis -   generally cost volume profit analysis is used to determine the…

Q: Explain single product cost-volume-profit (CVP) and break-even analysis. Provide a hypothetical…

A: COST - VOLUME - PROFIT (CVP)  ANALYSIS CVP analysis looks at the effect of sales volume variations…

Q: 1.  Which of the following assumptions is false in a cost-volume-profit analysis? Total sales and…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A company can use cost-volume-profit analysis to determine the level of sales required to earn a…

A: CVP Analysis Equation Profit = Revenue – Fixed Costs – Variable Costs

Q: Calculate the effect on profit of a proposed change in ‘Sales Mix’ from the following data and also…

A: Sales mix should be such that the total contribution can be maximised. Which can be done by giving…

Q: This best accounts for the difference in profit between the absorption and variable costing *…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: The variable cost ratio represents  The proportion of variable costs in relation to net income The…

A: Solution : The variable cost ratio represents  Correct answer is Option 3 . The proportion of…

Q: 1.  The difference between contribution margin and income from operations is ________. net income…

A: Fixed costs = Contribution margin - Income from operations Operating leverage = Contribution margin…

Q: Which of the following statements concerning performance evaluation tools used in decentralized…

A: Performance evaluation means when actual performance is being compared with the budgeted numbers and…

Q: A. Prepare a contribution margin by product report. Calculate the contribution margin ratio for…

A: Variable costing:   Variable costing is the method that is used by the management (managers) for…

Q: Variable costing has an advantage over absorption costing for which of the following purposes? all…

A: Under variable costing, the product cost consists of the variable cost incurred and total fixed cost…

Q: Gross profit variance analysis can be used to study the effect of:    a. Changes in cost of goods…

A: Gross profit is the gross income/revenue left after deducting the cost of goods sold from the net…

Q: What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and…

A: Definition:  Cost-volume profit analysis: CVP analysis is a tool of cost accounting that measures…