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Home / Questions / Match the term on the right with the appropriate definition provided on the right. Defini

Match the term on the right with the appropriate definition provided on the right. Defini

Match the term on the right with the appropriate definition provided on the right.

 

Definition

Term

  1. _____

A statistical procedure for determining the line that best fits the data by using all of the historical data points, not just the high and low data points

A. Outliers

  2. _____

Costs that change, but not in direct proportion to changes in volume

B. Fixed costs

  3. _____

 

A cost behavior that is not linear (not a straight line)

C. Contribution margin

  4. _____

A method for determining cost behavior that is based on two historical data points: the highest and lowest volume of activity

D. Variable costs

  5. _____

 

Costs that do not change in total despite wide changes in volume

E. Cost behavior

  6. _____

A cost behavior that is fixed over a small range of activity and then jumps to a different fixed level with moderate changes in volume

F. High-low

  7. _____

 

Sales revenue minus variable expenses

G. Curvilinear costs

  8. _____

 

Abnormal data points; data points that do not fall in the same general pattern as the other data points

H. Mixed costs

  9. _____

A method for determining cost behavior that is based on a manager's judgment in classifying each account as to its cost behavior

I. Cost equation

10. _____

 

Describes how costs change as volume changes

J. Regression analysis

11. _____

A mathematical equation for a straight line that expresses how a cost behaves

K. Account analysis

12. _____

Costs that change in total in direct proportion to changes in volume

L. Step costs

Dec 12 2019 View more View Less

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