GCU ACC650 Quiz 4

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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 lever... age. 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: step-fixed cost. step-variable cost. 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: step-fixed cost. step-variable cost. [Show More]

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