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Managerial Accounting
Chapter 20
11
Accounting
Undergraduate 2
03/28/2011

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Cards

Term
Relevant Range
Definition
Range of activity where assumption of costs & variable stay the same
Term
Fixed Costs
Definition
Total remains constant @ changes in activity
Term
High low method
Definition
Hi-low / Hi-low
Term
Contribution Margin
Definition
sales - variable cost
Term
Break Even Point
Definition
Fixed cost / contribution Margin
Term
Cost-Volume income statement
Definition
1)Sales 2)Variable Cost 3)Contribution Margin 4)Fixed Cost 5)Net income
Term
Margin of Safety Ratio
Definition
Sales - Break even point
Term
What is not a benefit of budgeting
Definition
Term
Budgeting is most likely associated with what management function
Definition
Term
Budget
Definition
Affective as long as these are present except
Term
NOT a part of cash flow
Definition
Depreciation
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