Solve this MCQ Target costing calculates cost as _(a) Market price plus desired profit(b) Variable cost plus fixed cost(c) Historical cost plus mark-up(d) Market price minus desired profit

Explanation of Target Costing: Target costing is a strategic management accounting approach that…

Answered: Target costing calculates cost as _ (a)…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...

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In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs C. total costs D. units of production
Target costing calculate cost as?
Target costing calculates cost as
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Correct Answer
Which of the following best describes a fixed cost? a.Cost representing a fixed proportion of total costs b.Cost directly related to output c.Cost that remains at the same level up to a particular level of output . d.Cost that remains at the same level when output increases.
simple cost analysis method to identify fixed costs and variable costs in a linear cost function is ........ method
Select 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 D
The mathematical equation for computing required sales to obtain target net income is: Required Sales Revenue = a. Total Fixed Costs + Target Net income b. Total Variable Costs + Total Fixed Cost + Target Net Income c. Total Contribution – Total Fixed Costs d. Total Variable Costs + Target Net Income
Which of the following best describes a variable cost? A cost that: a. Represents a fixed proportion of total costs b. Has a direct relationship with outputc. Is sometimes also known as an indirect cos d. Falls on average, as output increases.
On 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

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Target costing calculates cost as _ (a) Market price plus desired profit (b) Variable cost plus fixed cost (c) Historical cost plus mark-up (d) Market price minus desired profit