Overhead/Operating Cost Vocab

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Match the term to its definition.

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yandel, anderson

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Overhead/Operating Cost Vocab


Froggy Jumps Overhead/Operating Cost VocabVersión en línea Match the term to its definition. por yandel, anderson 1 the level where total sales equal total expenses, with no profit or loss. Which term is this? a Operating costs b Gross profit c Break-even point 2 A one-time purchase like land or equipment is called what? a Capital expenditure b Fixed expenses c Fixed costs 3 Pricing method that adds a markup to the total cost is known as? a Cost-based pricing b Market-based pricing c Economies of scale 4 The term for loss of value of an asset over time is? a Depreciation b Amortization c Gross profit 5 Cost savings achieved by producing more is called? a Mixed costs b Economies of scale c Fixed costs 6 Costs not affected by changes in sales volume are called? a Variable costs b Mixed costs c Fixed costs 7 Operating costs that do not change with production are known as? a Fixed expenses b Capital expenditure c Variable costs 8 Revenue after subtracting the cost of goods sold is? a Gross profit b Operating costs c Net income 9 Expenses fixed until a production level, then become variable are called? a Fixed costs b Mixed costs c Variable costs 10 Ongoing day-to-day expenses not directly tied to production are? a Operating costs b Capital expenditure c Break-even point 11 A pricing method in which the business determines how much customers will pay for a product, then adjusts costs accordingly a price based costing b total cost c semi cost 12 The difference between the total cost of a product and its selling price a Variable costs b Price markup c operating costs 13 An amount a salesperson earns per sale, either a percentage or a flat rate a Fixed expenses b Gross profit c Sales commission 14 Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-variable costs a Semi Fixed Costs b Operating Costs c Mixed Costs 15 Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs a Semi Variable Costs b Fixed Costs c Cost Based Pricing 16 The sum of the overhead and direct costs required to make a product a Overall cost b Full Cost c Total Cost 17 Business costs that change according to changes in sales volume; also known as variable expenses a Depreciation b Variable Costs c Price markup 18 Operating costs that fluctuate with changes in production a Expenses made b Fixed expenses c Variable expense

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Overhead/Operating Cost Vocab

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Overhead/Operating Cost VocabVersión en línea

por yandel, anderson

the level where total sales equal total expenses, with no profit or loss. Which term is this?

A one-time purchase like land or equipment is called what?

Pricing method that adds a markup to the total cost is known as?

The term for loss of value of an asset over time is?

Cost savings achieved by producing more is called?

Costs not affected by changes in sales volume are called?

Operating costs that do not change with production are known as?

Revenue after subtracting the cost of goods sold is?

Expenses fixed until a production level, then become variable are called?

Ongoing day-to-day expenses not directly tied to production are?

A pricing method in which the business determines how much customers will pay for a product, then adjusts costs accordingly

The difference between the total cost of a product and its selling price

An amount a salesperson earns per sale, either a percentage or a flat rate

Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-variable costs

Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs

The sum of the overhead and direct costs required to make a product

Business costs that change according to changes in sales volume; also known as variable expenses

Operating costs that fluctuate with changes in production