Start learning →

Match each CVP term

Exercise and reference answers

Matching pairs
  1. Left
    Fixed cost
    Right
    Unchanged across the range
  2. Left
    Variable cost
    Right
    Varies with each unit made
  3. Left
    Contribution
    Right
    Price less variable cost
  4. Left
    CM ratio
    Right
    That margin as a percent
  5. Left
    Break-even
    Right
    Where fixed costs are met
Instructions
Tap a term on the left, then tap its meaning on the right.

Explanation

_Source: OpenStax Principles of Accounting, Volume 2: Managerial Accounting (CC BY-NC-SA 4.0), Ch 3 'Cost-Volume-Profit Analysis'_
Continue learning with Quill →

Browse more ACCA questions and exercises →