Examlex
Match each description with the item below.
-John L. Lewis
Variable Expenses
Costs that change in proportion to the activity of a business such as sales volume or production levels.
CVP Income Statement
A financial report that shows the effects of varying levels of sales and product costs on a company's net income.
Gross Profit
The financial measure representing the difference between sales revenue and the cost of goods sold before deducting administrative and selling expenses.
CVP Analysis
Cost-Volume-Profit Analysis; a financial tool used to determine the impact on an organization's profits due to changes in volume, costs, and prices.
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