“A company should not allocate costs that are fixed in the short run to customers.” Do you agree? Explain briefly.

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Q: Cost accounting is used as a means of fixing a selling price. Select one: True False

A: Cost accounting is a method of managerial accounting which is used to calculate the total production…

Q: When deciding to accept a special order, which of the following costs are relevant? A. Fixed…

A: When business has option to select one alternative out of two alternatives, then alternative which…

Q: What are some examples on the types of costs that the accounting systems might not record but…

A: following are the types of costs that are not recorded in the accounting system but companies do…

Q: Managers often assume a strictly linear relationship between cost and the level of activity.Under…

A: There are 3 main types of cost: a. Variable cost b. Fixed cost b. Mixed Costs Variable costs are…

Q: Is corrective action always necessary when actual costs are higher than standard costs

A: A company which manufactures products and goods keeps a sharp eye on its costs. When the actual cost…

Q: Which of the following best describes an "opportunity cost"?     Expected future costs that differ…

A: Introduction: Opportunity cost: Cost for the opportunity lost called opportunity cost.

Q: What is a characteristic of pay for performance? O Pays all providers the same amount O Creates…

A: Pay for performance has been introduced to order to motivate the employees to improve their…

Q: “Variable costs are always relevant, and fixed costs are always irrelevant.” Do you agree? Why?

A: A relevant cost refers to the cost amount which is related to a particular decision. Relevant cost…

Q: All of the following costs are relevant to a decision to accept or reject an order except 1.…

A: Relevent cost is the cost which helps in decision making or in other words the cost which has an…

Q: “Sunk costs are easy to spot—they’re simply the fixed costs associated with a decision.” Do…

A: Sunk cost: Sunk cost is the cost that has been incurred as a result of past events and such cost…

Q: The line that begins at the origin on a CVP graph represents     total expenses.     total fixed…

A: Since you have posted multiple questions , we will do the first one for you. If you want any…

Q: In your own words, explain what differential costs mean. How are fixed costs and variable costs…

A: The cost can be classified on the basis of nature variable or fixed. The variable cost are directly…

Q: “All this marginal revenue and marginal cost stuff is just theory. Prices are determined by…

A: Pricing decisions:   Pricing decisions is one of the most important and required decision for the…

Q: “You should always choose the supplier who offers the lowest price per unit.” Do you agree? Explain.

A: Choosing a supplier doesnot solely depend on price of the unit offered by supplier. There are many…

Q: Which of the following statements is true? I. Incremental analysis is an analytical approach that…

A: In this set of statements, we will examine the accuracy of each statement in the context of…

Q: Which of the following is not a feature of full cost plus sales pricing related to a range of a…

A: Following is the answer to the given question

Q: What type of cost is expertise? Is it a fixed cost or a variable cost? Defend your answer.

A: SOLUTION- FIXED COST  ARE THOSE COST WHICH DO NOT CHANGE WITH A REASONABLE LEVEL OF CHANGE .…

Q: What two arguments tend to justify classifying all costs as either fixed or variable even though…

A: Costs are the expenses which are spent by the manufacturing entity to perform its operations or…

Q: what is the definition of fixed, variable, and mixed costs? Are variable costs or fixed costs easier…

A: Introduction: Cost accounting is a type of managerial accounting that capture a firm's production…