Question Target costing calculates cost as_ a) Market price plus desired profit b) Market price minus desired profit c) Historical cost plus markup d) Variable cost plus fixed cost
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- Describe how total variable costs and unit variable costs behave with changes in the level of activityTarget costing calculates cost asa.Variable costs in the context of cost-volume-profit (CPV) analysis? b. Fixed costs in the context of CPV analysis? c. Contribution margin in the context of CPV analysis?
- Which method results in a more realistic amount for income because it matches the most current costs against revenue? a.FIFO b.Weighted average cost c.Specific identification d.LIFOTarget costing is reversal of: a. Marginal cost b. Skimming pricing c. Penetrating pricing d. Cost plus modelcalculate for me the Thotho income statement variable costing
- simple cost analysis method to identify fixed costs and variable costs in a linear cost function is ........ method2. The following total cost graphs indicate which type of cost behavior? A. VARIABLE COST B. FIXED COST C. MIXED COST D. STEP COSTOn a cost-volume-profit graph, when the Total Cost line is higher than the Total Revenue line, the difference represents Select one: O A. a positive return on the investment O B. a net loss O C. net income O D. not enough information is presented
- The formula for Contribution is Select one: a. Fixed cost + loss b. Sales - Variable cost c. Fixed cost - Profit d. Sales + Variable costIn the cost behavior equation, b*X denotes the variable cost per unit. Select one: O True O FalseAn input whose cost is determined by the quantity of input consumed is a A. Fixed cost B. Variable cost C. Step cost D. Variable cost with fixed component