cpa bec Management Decision Making Analysis ninja

A type of product costing that assigns fixed overhead units produced as a product cost

The point at which an enterprise's revenues equal costs so that profit or loss is incurred. It may be stated in units or sales dollars.

A ratio of contribution margin to price computed as (P-VC), where p is price and vc is variable cost

The excess of actual or budgeted sales over sales at the breakeven point. It is the amount by which sales could decrease before losses occur

Limits within which the volume of activity can vary and sales and cost relationships remain valid.

The relative combination of products that compose a company's total sales

A past cost that has been incurred and cannot be reversed

A type of product costing that expenses fixed manufacturing overhead as a period cost

Sometimes called breakeven analysis, key factors are revenues, fixed costs, and variable costs

Sales price less variable cost per unit

Total fixed costs divided by price less variable costs per unit

Total fixed costs divided by (price less variable costs divided by price)