Keeping Careful Track of Exactly When Air Filters Have Been

question 8

Multiple Choice

Keeping careful track of exactly when air filters have been changed in guest room heating and cooling units is an example of which maintenance activity?

• A) Planning
• B) Organizing
• C) Recording
• D) Implementing

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Definitions:

High-Low Method

A method utilized in managerial accounting for predicting variable and fixed costs by analyzing the activity's maximum and minimum levels.

Contribution Margin Ratio

A measure that shows the percentage of sales revenue that exceeds the variable costs of production.

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as raw material costs, which vary with production volume.

Fixed Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.