Relevant costs for target pricing are ________. A) variable manufacturing costs B) variable manufacturing and variable...
Relevant costs for target pricing are ________.
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A) variable manufacturing costs |
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B) variable manufacturing and variable nonmanufacturing costs |
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C) all fixed costs |
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D) all future costs, both variable and fixed |
Homework Answers
Relevant costs for target Pricing are all future costs, both variable and fixed.
Target considers both variable and fixed which are to be incurred in order to determine the target cost which will help to determine and achieve sufficient profit to sustain and run the business
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Relevant costs for target pricing are ________.
A) variable manufacturing costs
B) variable manufacturing and variable...
A general rule in relevant cost analysis is: a. variable costs are always relevant. b. fixed...
A general rule in relevant cost analysis is: a. variable costs are always relevant. b. fixed costs are always irrelevant c. differential future costs and revenues are always relevant d. depreciation is always irrelevant
Wages paid to workers responsible for manufacturing and assembling products are: A) fixed costs B) variable...
Wages paid to workers responsible for manufacturing and assembling products are: A) fixed costs B) variable costs C) not relevant for cost analysis D) costs whose behavior depends on the context
11. Which of the following statements best describes conversion costs? A) Conversion costs are all manufacturing...
11. Which of the following statements best describes conversion costs? A) Conversion costs are all manufacturing and nonmanufacturing costs. B) Conversion costs are all manufacturing costs other than direct materials costs. C) Conversion costs are all nonmanufacturing costs including marketing costs. D) Conversion costs are all nonmanufacturing costs other than fixed selling and distribution costs.
11. Which of the following statements best describes conversion costs? A) Conversion costs are all manufacturing...
11. Which of the following statements best describes conversion costs? A) Conversion costs are all manufacturing and nonmanufacturing costs. B) Conversion costs are all manufacturing costs other than direct materials costs. C) Conversion costs are all nonmanufacturing costs including marketing costs. D) Conversion costs are all nonmanufacturing costs other than fixed selling and distribution costs.
QUESTION 7 A general rule in relevant cost analysis is variable costs are alwavs relevant fixed...
QUESTION 7 A general rule in relevant cost analysis is variable costs are alwavs relevant fixed costs are always irrelevant differential future costs and revenues are always relevant depreciation is always relevant QUESTION 8 The basic objective of the residual income approach to performance measurement and evaluation is to have a division maximize its return on investment (ROI) O cash flows cash flows in excess of a desired minimum amount. net operating income in excess of a minimum return QUESTION...
1-The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing...
1-The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing overhead. a) True b) False 2- If the fixed cost per unit is $15 and the variable cost per unit is $0.5, and the units produced are 10,000 units. Then what is the total cost if the units produced are 20,000? a)$160,000 b)$150,000 c)$310,000 d)$155,000 3- Conversion cost equals product cost less direct materials cost. a) True b) False 4- During the month of...
Fixed manufacturing overhead costs are recognized as: A-product costs under variable costing. B-part of ending inventory...
Fixed manufacturing overhead costs are recognized as: A-product costs under variable costing. B-part of ending inventory costs under both absorption and variable costing. C-period costs under absorption costing. D-product costs under absorption costing.
Relevant Range and Fixed and Variable Costs relevant range of 100,800 to 158.400 memory chips per...
Relevant Range and Fixed and Variable Costs relevant range of 100,800 to 158.400 memory chips per year. Within this range, the following partially Vogel Inc. manufactures memory chips for electronic toys within completed manufacturing cost schedule has been prepared: Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. 100,300 123,200 158,400 $40,320 d. s 44,352 Memory chips produced Total costs: Total variable costs Total faxed...
Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within...
Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 100,800 to 165,600 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. Memory chips produced 100,800 128,800 165,600 Total costs: Total variable costs $41,328 d. $ j. $...
e) After completing Exercise 5, what is the Target Variable Cost per Unit? See circle. Custom...
e) After completing Exercise 5, what is the Target
Variable Cost per Unit? See circle.
Custom Touch Inc. produces high quality desk organizers. A
recent analysis of fixed and variable costs per unit is as
follows:
Pricing Strategy: Companies typically use one of two strategies when pricing its products Target Pricing (Costing): Used in competitive environments. This approach assumes that market forces largely set the price. So, the company must engineer their cost structure to compete Cost Plus Pricing: Assumes...
11. Which of the following statements best describes conversion costs? A) Conversion costs are all manufacturing and nonmanufacturing costs. B) Conversion costs are all manufacturing costs other than direct materials costs. C) Conversion costs are all nonmanufacturing costs including marketing costs. D) Conversion costs are all nonmanufacturing costs other than fixed selling and distribution costs.
11. Which of the following statements best describes conversion costs? A) Conversion costs are all manufacturing and nonmanufacturing costs. B) Conversion costs are all manufacturing costs other than direct materials costs. C) Conversion costs are all nonmanufacturing costs including marketing costs. D) Conversion costs are all nonmanufacturing costs other than fixed selling and distribution costs.
QUESTION 7 A general rule in relevant cost analysis is variable costs are alwavs relevant fixed costs are always irrelevant differential future costs and revenues are always relevant depreciation is always relevant QUESTION 8 The basic objective of the residual income approach to performance measurement and evaluation is to have a division maximize its return on investment (ROI) O cash flows cash flows in excess of a desired minimum amount. net operating income in excess of a minimum return QUESTION...
Relevant Range and Fixed and Variable Costs relevant range of 100,800 to 158.400 memory chips per year. Within this range, the following partially Vogel Inc. manufactures memory chips for electronic toys within completed manufacturing cost schedule has been prepared: Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. 100,300 123,200 158,400 $40,320 d. s 44,352 Memory chips produced Total costs: Total variable costs Total faxed...
e) After completing Exercise 5, what is the Target
Variable Cost per Unit? See circle.
Custom Touch Inc. produces high quality desk organizers. A
recent analysis of fixed and variable costs per unit is as
follows:
Pricing Strategy: Companies typically use one of two strategies when pricing its products Target Pricing (Costing): Used in competitive environments. This approach assumes that market forces largely set the price. So, the company must engineer their cost structure to compete Cost Plus Pricing: Assumes...
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