Intro to Managerial Accounting
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| Cost Behavior | how the activities of an organization affect its cost
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| Cost Driver | any output measure that causes cost (that is, Causes the use of costly resources)
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| Variable Cost | a cost that changes in direct perportion to changes in the cost-driver level
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| Fixed Cost | a cost that is not immediately affected by changes in the cost-driver level
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| Relevant Range | the limit of cost-driver level within which a specific relationship between costs and the cost driver is valid
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| Cost-Volume-Profit(CVP) Analysis | the study of the effects of output volume on revenue(sales), expenses (costs), and net income (net profit)
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
ljgarris
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