Quality Costs Exclude? [26]QUALITY COSTS EXCLUDE?A) MARKETING COSTSB) APPRAISAL COSTSC) PREVENTION COSTSD) FAILURE COSTS

Explanation of Marketing Costs:Marketing costs are expenses related to promoting and selling…

Answered: [26] QUALITY COSTS EXCLUDE? A)…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 11CDQ

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QUESTION 28 Which of the following is not a reason for cost allocation? A. Maximization of direct cost efficiency B. Cost-based reimbursement C. Cost determination of product or service D. Cross-department monitoring
In a decision analysis situation, which one of the following costs is generally not relevant to the decision?A. Differential cost.B. Avoidable cost.C. Incremental cost.D. Historical cost.
Which of the following costs can be ignored when making a decision?a. Opportunity costs. b. Differential costs. c. Sunk costs. d. Relevant costs.
Marginal Costing is a technique of _____. a. Cost Reduction b. Cost Evaluation c. Cost Control d. Cost Measurement
1. What factors determine the relevance of information to decision making? 2. What are sunk costs, and why are they not relevant in making decisions? 3. What information is relevant in an outsourcing decision?
What advantage does the FIFO cost method have over the average cost method relative to providing information for cost control?
Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on future events) and should be excluded in decision-making? A. avoidable costs B. unavoidable costs C. sunk costs D. differential costs
List the acceptable cost flow assumptions under IFRS. Be sure to explain the reasoning as to why IFRS find certain cost flow assumptions unacceptable.
q8
Define opportunity costs and explain why they represent acommon source of error in making cost analyses.
22. Which of the following is not a function of Cost Accounting? a. Control cost b. Reporting to owners c. Helps Planning and control d. Cost ascertainment;
Define Cost recovery method

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[26] QUALITY COSTS EXCLUDE? A) MARKETING COSTS B) APPRAISAL COSTS C) PREVENTION COSTS D) FAILURE COSTS