Cost accounting_McGrawHill_What_the_numbers_mean_Ch12.txt
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| The amount of revenue required to have neither operating profit nor operating loss. | break-even point
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| The difference between revenues and variable costs. | contribution margin
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| An income statement format in which variable costs are subtracted from revenues to show contribution margin, from which fixed costs are subtracted to determine operating income. | contribution margin format
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| The ratio of contribution margin to revenues. | contribution margin ratio
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| Identification of whether a cost is fixed or variable. | cost behavior pattern
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| An algebraic expression that reflects the fixed and variable elements of a cost. | cost formula
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| Analysis of the impact on profit of volume and cost changes using knowledge about the behavior pattern of the costs involved. | cost-volume-profit (CVP) analysis
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| A cost that does not change in total as the level of activity changes within the relevant range. | fixed cost
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| The activity level that produces the same total cost when two different cost formulas or cost structures exist. | indifference point
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| Planning, organizing, and controlling the activities of an organization so it can accomplish its purpose. | management process
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| Accounting that uses economic and financial information to plan and control many of the activities of the entity and to support the management decisionmaking process. | managerial accounting
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| The concept that operating income changes proportionately more than revenues for any given change in the level of activity. | operating leverage
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| Expected or allowed times and costs to make a product or perform an activity. | production standard
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| The range of activity over which the fixed or variable cost behavior pattern exists. | relevant range
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| The proportion of total sales represented by various products or categories of products. | sales mix
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| A cost that has both fixed and variable elements. | semivariable cost
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| A cost that changes in total as the volume of activity changes. | variable cost
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