Lesson 3: Cost Volume Profit Analysis
Glossary - Know Your Words
Accounting is the language of business. To become proficient in accounting, it's essential to understand the terminology associated with each concept. Every lesson introduces specific terms, and we encourage you to take the necessary time to study each one carefully. Our glossary allows you to learn definitions in the context of related terms. It's a simple yet powerful tool that our university students have trusted for years to master accounting.
Break-Even Point
Contribution Margin
Contribution Margin per Unit
Contribution Margin Ratio
CVP Analysis
Fixed Cost per Unit
Fixed Costs
High-Low Method
Mixed Costs
Relevant Range
Scattergraph Method
Stepped Costs
Targeted Net Income
Variable Cost Ratio
Variable Costs
Variable Costs per Unit
Volume