Match the Abbreviation with the Appropriate Interpretation

question 38

Multiple Choice

Match the abbreviation with the appropriate interpretation.
-Verbal order

• A)NPO
• B)pc
• C)e-MAR
• D)VO
• E)NS

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Definitions:

Contribution Format

A layout of the income statement that distinguishes between fixed and variable expenses to emphasize the contribution margin.

High-low Method

A technique in accounting used to estimate variable and fixed cost components of a cost by analyzing the highest and lowest activity levels.

Monthly Fixed

Regular, consistent expenses that a business incurs each month regardless of its operational volume, such as rent or salaries.

Lubrication Cost

Expenses associated with the lubrication of machinery and equipment in a manufacturing or production process.