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Q. 8  Which following costs need to be considered for both make or buy options? O. Fixed overhead O. Variable overhead O. Rental revenue   Q. 9 What is the per unit cost to purchase from the vendor? Round to the nearest penny. Q. 10 Based on your analysis, the CreativeStationary Co. should make the product in-house or buy them from the vender? O. Make O. Buy Do   (Q8,9,10 plz)

Exercise 22.1 (Static) Accounting Terminology (LO22-1, LO22-4, LO22-6) The following are nine technical accounting terms: Responsibility margin Contribution margin Performance margin Transfer price Cost-plus transfer price Product costs Common fixed costs Traceable fixed costs Committed fixed costs Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms. a. The costs deducted from contribution margin to determine responsibility margin. b. Cost to produce plus a predetermined markup. c. Fixed costs that are readily controllable by the manager. d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. The subtotal in a responsibility income statement that is most useful in evaluating the short-run effect of e. various marketing strategies on the income of the…

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Problem 2-32 Multiple choice (IFRS) 1. What is the accounting for the transaction price of a contract of sale with customer coupons for free product, discount or rebate? a. Entirely as product sales revenue b. Allocated to customer options equal to stand-alone selling and the balance to product sales c. Allocated between product sales revenue and based on stand-alone selling price d. Entirely as coupon revenue 2. What is the stand-alone selling price of free product coupons? a. Nothing b. Fair value less cost of disposal c. Selling price of free product d. Selling price of free product adjusted for expected redemption 3. What is the stand-alone selling price of discount coupons? a. Discount on customer purchases during the year b. Discount on customer future purchases c. Discount on customer purchases during the year adjusted by expected redemption d. Discount on customer future purchases adjusted by expected redemption 4. What is the stand-alone selling price of rebate coupons? a.…

1 To decide on an appropriate selling price for a special-order product” is an example of which cost allocation. Select one: a.To motivate managers and other employees b. To provide information for economic decisions c. To justify costs or compute reimbursement amounts   d. To measure income and assets for reports to external parties

QUESTION 36 A company compensates its sales manager in such a way that the sales manager honestly provides a sales target (forecast). The company’s compensation method is:      C   =     j T   +  k (A – T),  (if  A ≥ T)                j T   –  m (T – A),  (if  A < T)    where, C  =  compensation;  A = actual sales by sales manager;  T = sales target provided by sales manager   . In the above compensation method  the coefficient "j"   represents:     A. the advantage of exceeding the target.     B. the benefit of honestly setting  the target.   C. the penalty of not meeting the target.   D. the penalty of not setting the target honestly.

Problem 6 Listed below are several costs incurred by the loan department of J P Morgan and Chase Bank. For each cost, indicate which of the following classification best describe the cost. More than one classification may apply to the same cost item. Cost classification Controllable by the loan department Uncontrollable by the loan department Direct cost of the loan department Indirect cost of the loan department а. b. C. d. е. Differential cost Marginal cost g. Opportunity cost f. h. Sunk cost i. Out-of-pocket cost Cost items Salary of the loan department manager Salary of a loan department clerk Cost of office supplies used in the loan department Cost of the department's personal computer purchased by the department manager last year. Cost of general advertising by the bank, which is allocated to the loan department. Revenue that the loan department would have generated for the bank if a branch loan office had been located downtown instead of in the next province. Difference in the…

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C-2 if your recommendation in part (c-1) is followed, what would be the company's overall profit ?

HW 8. Please complete all requirements :)

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Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Purchase of raw materialsb. Design 2. Advertisingc. Production 3. Salary of research scientistsd. Marketing 4. Shipping expensese. Distribution 5. Reengineering of product assembly processf. Customer service 6. Replacement parts for warranty repairs7. Manufacturing supplies8. Sales commissions9. Purchase of CAD (computer-aideddesign) software10. Salary of website designer