cpa bec Management Decision Making Analysis ninja

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Anonymous
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15289
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cpa bec Management Decision Making Analysis ninja
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2010-04-19 22:48:29
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cpa bec Management Decision Making Analysis ninja
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cpa bec Management Decision Making Analysis ninja
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  1. Absorption Costing (full costing)
    A type of product costing that assigns fixed overhead units produced as a product cost
  2. Breakeven
    The point at which an enterprise's revenues equal costs so that profit or loss is incurred. It may be stated in units or sales dollars.
  3. Contribution margin rate
    A ratio of contribution margin to price computed as (P-VC), where p is price and vc is variable cost
  4. Margin of safety
    The excess of actual or budgeted sales over sales at the breakeven point. It is the amount by which sales could decrease before losses occur
  5. Relevant range
    Limits within which the volume of activity can vary and sales and cost relationships remain valid.
  6. Sales mix
    The relative combination of products that compose a company's total sales
  7. Sunk Cost
    A past cost that has been incurred and cannot be reversed
  8. Variable costing
    A type of product costing that expenses fixed manufacturing overhead as a period cost
  9. Cost-volume-Profit analysis
    Sometimes called breakeven analysis, key factors are revenues, fixed costs, and variable costs
  10. Contribution margin per unit
    Sales price less variable cost per unit
  11. Breakeven point in units
    Total fixed costs divided by price less variable costs per unit
  12. Breakeven point in sales dollars
    Total fixed costs divided by (price less variable costs divided by price)

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