6-20 CVP Appications: Break-Even Analysis; Cost Structure; Target Sales
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6-20 CVP Appications: Break-Even Analysis; Cost Structure; Target Sales
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- 11. Choose the scope of cost accounting that is primarily prepared for different level of management. a.Cost accounting b.Cost reports c.Cost analysis d.Cost comparison 12. according to which method of pricing, issues are made with the current market price. a.First in first out b.Simple average c.Weighted average d.Last in first outQUESTION 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 monitoringManagement uses Cost Volume Profit (CPV) analysis as a planning process to predict the future volume of activity, costs incurred, sales made and profit received. Required: i. List and explain FIVE assumptions in C-V-P analysis.
- Discuss how financial data prepared on the basis of variable costing can assist management in the development of short-run pricing policies.Chapter 21: Cost Behavior and Cost-Volume-Profit Analysis Requirement 1: Please explain variable, fixed, and mixed costs. and provide one example of each.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
- Question Content Area The approach that requires the transfer price to be less than the market price but greater than the supplying division's variable costs per unit is called the _____ approach. a.negotiated cost b.cost price c.standard cost d.market priceExercise 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…19-Target costing is reversal of: a. Penetrating pricing b. Marginal cost c. Skimming pricing d. Cost plus model
