Question 3 pts The cost of direct materials is classified as a: Period cost Product cost Yes No No A) Yes Β) | No C Yes D No Yes Group of answer choices Option A Option B Option C Option D

Q: Select all that apply Differential cost is Blank ------ between two alternatives the same as…

A: Differential cost analysis is used to choose one alternative from 2 alternatives. It is for decision…

Q: ing control ing relative efficiency short-term, spare capacity de

A: Cost refers to the compiled sum of all the expenses involved while manufacturing a product.

Q: QUESTION 2 When the cost of lost units must be assigned, and those some units must be included in…

A: Process costing is one of useful form of costing being used in business. Under this, equivalent…

Q: Spirit Manufacturing is a division of Crane Communications, Inc. Spirit produces cell phones and…

A: In a complicated global corporate environment, transfer pricing is an essential instrument used by…

Q: Ch. 5 Fixed Costs/Per Unit Pleaes explain the following concept/rule and give an example:  Why do…

A: Fixed cost is a cost which is constant in the short run, it is not related to any change in the…

Q: Cost Behavior Ch. 6 Please provide the Break-Even formula and give an example and explain the…

A: Break-even is considered as break-even point.

Q: Q.List four reasons for using standard costs

A:

Q: Question 3 There are many examples of risk transfer from a client to a contractor via a contractual…

A: Contractual risk transfer is a legally enforceable method of transferring risk to the party most…

Q: None

A: A standard cost is a predetermined cost that serves as a benchmark for measuring performance. Let's…

Q: In a sell or process further decision, consider the following costs: 1. A variable production cost…

A: There are many cost that need to be considered while considering the decision things regarding the…

Q: Question 44 Which of the following is most likely a fixed cost? A. Labor cost. B. Energy cost.C.…

A: Fixed Cost: Such costs do not vary with the increase or decrease in the volume of production.…

Q: Which of the following material issue pricing method considers the prices as well as the quantities…

A: Solution: "Weighted average method"  considers the prices as well as the quantities of materials…

Q: QUESTION 5 When trying to decide between multiple alternatives, a cost that occurs in the future and…

A: Relevant cost means the cost which is considered while taking the decision. All variable cost and…

Q: Overhead Cost Area Admin and General Info and Telecomm Sales and Marketing Utilities Prop Maint…

A: Overheads means all type of indirect costs being incurred in business. These costs can not be…

Q: Current Attempt in Progress The underlying principle that absorption costing satisfies is the O…

A: Absorption Costing is a management accounting method for accumulating all costs associated with…

Q: Between the LIFO and FIFO methods of pricing the issues of materials which one do you think is…

A: 1. LIFO - LIFO (Last in First Out) is the inventory valuation method where inventory produced or…

Q: Which one is fixed cost اخترأحد الخیارات a. Both A & B O b. Rent,salaries, Insurance O c. Only B…

A: The fixed costs are the costs which remain fixed for the period of time.

Q: Compare and contrast the two different methods of computing breakeven units. Does the use of the…

A: There are two primary methods of computing breakeven units: the Equation Method and the Contribution…

Q: Which among the following cost encourage management to focus on life cycle costing? a. Maintenance…

A: Life cycle costing is a method of adding up all the cost related with  an asset starting from its…

Q: Unfinished Selling Finished Selling Price PRODUCT Further Price Processing Costs A P31.27 P62.37…

A: Incremental profit or loss is the amount which is determined to take necessary decisions like…

Q: 1. Total variable cost is affected by changes in activity and per unit variable cost is constant

A: Total Cost Consists of  Two Components which is Fixed cost and Variable cost. The Behavior of these…

Q: Question 5 1. The relevant range is where a fixed cost per unit remains constant O True O False

A: solution : The relevant range is where a fixed cost per unit remains constant Correct answer is true…

Q: Question: Is there an “ideal” number of factors in the Evaluation process? Should factors be limited…

A: There is no “ideal” number of factors for the Evaluation process, as it will depend on the scope and…

Q: 3. The sales level at which operating income is zero. Drop in sales a company can absorb without…

A: Break even analysis involves determination of sales level at which the firm's total revenue equals…

Q: Question 2 Compare and contrast absorption and marginal costing.

A: The income statement is prepared on the basis of Marginal costing or absorption costing.

Q: Direct costs minus indirect costs equal total costs Select one: O True False

A: Direct cost  means  Directly  related to production  of output Example  : Direct  material  ,Direct…

Q: The scattergraph is a useful tool for:

A: Business managers use the scattergraph method when estimating costs to anticipate operating costs at…

Q: Total variable costs within the relevant range O stay constant as output changes O increase as…

A: The costs incurred for the production are classified as variable and fixed costs. The variable cost…

Q: Costs that must be allocated in order to be assigned to a product or department are called direct…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Differential Costs are the difference in cost between any two alternative choices True False

A: Differential cost is the cost difference when two alternatives are projected. It also the cost…

Q: The maximum cost that is allowable in the production, distribution, and disposal of the product…

A: Production refers to the activity of converting the raw materials (inputs) into final product…

Q: What is avoidable and unavoidable cost? In terms of decision making how do we treat the following…

A: Avoidable and unavoidable costs are the types of relevant and irrelevant costs that play a major…

Q: Chapter 21: Cost Behavior and Cost-Volume-Profit Analysis Requirement 1: Please explain variable,…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: In average cost pricing, the natural monopoly would have to set price equal to АТС. AFC. MC. AVC.

A: Average cost pricing is defined as the strategy of standardized pricing which the regulators impose…

Q: QUESTION 14 At the break-even point, O A. total cost equals total revenue O B. output equals…

A: Cost-Volume-Profit (CVP) analysis is a financial management tool used by businesses to understand…

Q: Which among the following cost encourage management to focus on life cycle costing? a. Warranty…

A: All of following cost encourage management to focus on life cycle costing:: Warranty…

Q: When the activity level declines within the relevant range, what should happen with respect to the…

A: The company running its operations incurs both variable costs and also fixed costs. The variable…

Q: What is variable cost and fixed cost?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: 33-is the future cost flow that will be incurred anyway whatever the decision is taken now on the…

A: Committed cost means the cost which the company has already made the commitment and it is the…

Q: Question 1: Which statement about budgets is incorrect? Answer: A. B. C. D. O They determine the…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Utility refers to the:   Question 55 options:   usefulness of a product   extent to which a…

A: Utility is important aspect for the customer.

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.