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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A: Referencehttps://www.bis.org/bcbs/publ/d513.pdf
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Target costing calculates cost as
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- 2. 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 presentedA cost which changes in proportion to changes in volume of activity is called a: * a. fixed cost b. controllable cost c. variable cost d. opportunity cost
- An 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 componentSelect the correct statement concerning the cost-volume-profit graph at right: a. The point identified by "B" is the break-even point. b. Line F is the variable cost line. c. At point B, profits equal total costs. d. Line E is the total cost line. Line F Line E Line DA total cost equation can be used to predict future costs for various activity levels. Write the total cost equation. 4. In the total cost equation: a) What is the slope? b) What is the independent variable? c) What is the dependent variable?