16 Target pricing is based on Select one: a. engineered cost b. full product cost c. full manufacturing cost d. what customers are willing to pay e. variable manufacturing and nonmanufacturing costs
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- For which cost concept used in applying (he cost-plus, approach to product pricing are fixed manufacturing costs, fixed selling and administrative expenses, and desired profit allowed for in determining the markup? A. Total cost B. Product cost C. Variable cost D. Standard costUsing this information from Planters. Inc., what is the cost per unit under both variable and absorption costing?ABC systems Select one a. will limit cost drivers to units of output O b.comply with CAAP c highlight the different levels of activities O d will allocate costs based on volume
- Cost classifications used for predicting cost behavior include: Multiple Choice Variable cost and fixed cost. Direct cost and indirect cost. Product cost and period cost. Relevant cost and irrelevant cost.Relevant costs for target pricing are ________. A. variable manufacturing costs B. variable manufacturing and variable nonmanufacturing costs C. all fixed costs D. all future costs, both variable and fixedWhich of the following is a correct statement? O A. the fixed manufacturing cost is based on a per unit cost, when using Variable Costing O B. the fixed manufacturing cost is based on a per unit cost, when using Absorption Costing and a total cost, when using Variable Costing Oc the variable manufacturing cost is shown as a total cost in both Variable Costing and Absorption Costing O D. the fixed manufacturing cost is always shown as a total cost, when using Absorption Costing
- Please define and give formula of the following (if there is any): 1. Absorption costing 2. Activity bases (drivers) 3. Break-even point 4. Contribution margin 5. Contribution margin ratio 6. Cost behavior 7. Cost- volume- profit analysis 8. Cost - volume -profit chart 9. Fixed cost 10. High-low method 11. Margin of safety 12. Mixed costs 13. Operating leverage 14. Profit-volume chart 15. Relevant range 16. Sales mix 17. Unit contribution margin 18. Variable costing 19. Variable costsUse the following information about sales and costs to prepare a scatter diagram. Draw a cost line that reflects the behavior displayed by this cost. Determine whether the cost is variable, step-wise, fixed, mixed, or curvilinear. Period Sales Costs Period Sales Costs $760 $590 9. $580 $390 2. 800 560 10. 320 240 3. 200 230 II. 240 230 4 400 400 12. 720 550 5 480 390 13 280 260 6 620 550 14. 440 410 7 680 590 15 380 260 8 540 430When pricing products and using cost-plus pricing, which type of cost is perceived to be the safest one to use to establish the price. OA. Manufacturing cost B. Full absorption cost OC. Prime cost OD. Variable costs
- Choose the bestThe relevant range refers to: Select one: Ⓒa. a particular range of production where cost behavior remains the same. b. a particular range of production wherein fixed costs remain constant. c. a particular range of production where total contribution margin remains the same. d. a particular range of production where no mixed costs are incurred. Q Search with Bing 0 ***Select the correct statement concerning the cost-volume-profit graph at right: At point B, profits equal total costs. Line E is the total cost line. Line F is the variable cost line. The point identified by "B" is the break-even point.
