Similar in Purpose to a Bar Graph or Column Chart,a(n)____________________

question 11

Short Answer

Similar in purpose to a bar graph or column chart,a(n)____________________ chart offers a different 3-D view of the data,and is preferred by some businesses.

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Definitions:

Variable Cost

Costs that change in proportion to the level of activity or volume of production in a business.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance expenses.

Depreciation

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life.

Contribution Margin

The amount by which sales revenue exceeds variable costs, used to cover fixed costs and generate profit.