GCU ACC650 Quiz 4/GCU ACC650 Quiz 4/GCU ACC650 Quiz 4/GCU ACC650 Quiz 4

Question 

1. The difference between budgeted sales revenue and break-even sales revenue is the:

contribution margin.

contribution-margin ratio.

safety margin.

target net profit.

operating leverage.

2. Amounts spent for charitable contributions are an example of a (n):

committed fixed cost.

committed variable cost.

discretionary fixed cost.

discretionary variable cost.

engineered cost.

3. Cost that has both a fixed and variable component is known as a: