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Cost Ch. 3 Notes
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The quantity of output sold at which total rev. = total cost.
Breakeven point
An objective that can be quantified.
Choice criterion
Income statement that groups costs into variable and fixed costs.
Contribution margin income statement
The difference between total revenue and total variable cost
Contribution margin
Graph that shows how changes in the quantity of units sold affect op. income.
PV (profit volume) graph
Author
Dbadams94
ID
324023
Card Set
Cost Ch. 3 Notes
Description
4308
Updated
2016-10-04T04:22:38Z
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