Accounting 231 Exam 3 WSU Question and answers 100% correct || GRADED A+|| LATEST UPDATE 2026

Accounting 231 Exam 3 WSU Question
and answers 100% correct || GRADED
A+|| LATEST UPDATE 2026


CVP Components -CORRECTANSWER Sales, Variable Costs, Contribution Margin,

Fixed Costs, Net Income



CVP Income Statement -CORRECTANSWER Sales - Variable Costs = Contribution

Margin; Contribution Margin - Fixed Costs = Net Income



Constructing CVP Statement -CORRECTANSWER List sales, subtract variable costs,

find contribution margin, subtract fixed costs



Incremental Analysis -CORRECTANSWER Comparing relevant revenues and costs

between alternatives



Incremental Decision Rule -CORRECTANSWER Choose the option that increases

income the most



Contribution Margin -CORRECTANSWER Sales minus variable costs

, Weighted Contribution Margin -CORRECTANSWER Average contribution margin

based on sales mix



Limited Resource CM -CORRECTANSWER Contribution margin per constrained

resource (like per machine hour)



Variable Costing -CORRECTANSWER Includes direct materials, direct labor, and

variable overhead only



Absorption Costing -CORRECTANSWER Includes all manufacturing costs: direct

materials, direct labor, variable and fixed overhead



Non-Financial Information -CORRECTANSWER Affects decisions like quality, customer

satisfaction, and employee morale



Incremental Costs -CORRECTANSWER Additional costs from choosing one option

over another



Sunk Costs -CORRECTANSWER Costs already incurred and cannot be changed



Avoidable Costs -CORRECTANSWER Costs that can be eliminated if a decision is

made