9/25 Chapter 16 Flashcards
1
Q
high low method
A
high total cost-low total cost/high activity -low activity
note cost is not on a per unit basis
multiply your answer by activity = variable cost
total costs = tvc + tfc
2
Q
R in regression analysis
A
linear relationship between x and y
3
Q
R^2
A
goodness of fit
4
Q
error
A
difference between our prediction and the actual cost
5
Q
cost volume profit analysis
A
we are using the contribution margin now
sales
contribution margin
net income
6
Q
break even point
A
you divide the cm by cm per unit to get break even units
CM/CMp/unit
