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4 Cards in this Set
- Front
- Back
Are costs that remain the same in the total dollar amount as the activity-base changes |
Fixed cost |
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Costs that vary in dollar amount as the level of activity changes |
Variable cost |
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The excess of sales over variable cost |
Contribution margin |
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The percentage of each sales dollar that is available to cover the fixed costs and provide an operating income |
Contribution margin ratio |