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13. Which of the following activity bases would be the most appropriate for gasoline costs of a delivery service, such as United Postal Service? Number of trucks employed Number of miles driven Number of trucks in service Number of packages delivered 14. The point where the sales line and the total costs line intersect on the cost-volume-profit chart represents: the maximum possible operating loss the maximum possible operating income the total fixed costs the break-even point 15. With the aid of computer software, managers can vary assumptions regarding selling prices, costs, and volume and can immediately see the effects of each change on the break-even point and profit. Such an analysis is called:
"What if" or sensitivity analysis vary the data analysis computer aided analysis data gathering 16. The difference between the current sales revenue and the sales at the break-even point is called the
contribution margin margin of safety price factor operating leverage 17. Explain the difference between fixed and variable costs per unit AND in total. Provide an example to support your explanation. 18. Calculate (a) the contribution margin and (b) the contribution margin ratio based on the following data: (Be sure to label your answers appropriately)
Variable costs 600,000
Fixed costs 200,000