Homework Answers
It would result in pricing the product too high.
This is because when you overcost a product, you'd apply your profit margin on such overcosted total product cost, and that would result in overpricing of the product.
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10. Overcosting a particular product may result in: A) pricing the product too high B) pricing...
7. Product-cost subsidiration means that A) when one product is overcasted, it results in more than...
7. Product-cost subsidiration means that A) when one product is overcasted, it results in more than one other products overcasted when company underests more than one of its products, it will overcost more than one of its other products when a company undercosts one of its products, it will overcost at least one of its other products D) when one product is overcosted it results in all other products being overcosted 8. Refining a cost system involves which of the...
If prices are set too _____, _____ demand may result in reduced sales and _____ revenues...
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1. Design costs are an example of: a) unit-level costs b) product-sustaining costs c) facility-sustaining costs d) batch-level costs 2. A manufacturing firm produces multiple families of products requiring various combinations of different types of parts. Of the following, the MOST appropriate cost driver for assigning materials handling costs to the various products is: a) number of parts used b) number of suppliers involved c) number of units produced d) direct labor hours 3. A well-designed, activity-based cost system helps...
-4) Gain that is set too high will result in: a) offset b) cycling c) preact...
-4) Gain that is set too high will result in: a) offset b) cycling c) preact d) reverse
Optional product pricing involves selling the base product at ________. Select one: a. what may be...
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VODYVIVILE If operations run on less than full capacity, what is the result on cost driver...
VODYVIVILE If operations run on less than full capacity, what is the result on cost driver rates? Select one: a. They can be either too high or too low, b. They are too high c. They are too low d. They are not affected Consumption ratio is defined as: Select one: a. the measure of the number of times an activity is performed before receiving an end product. b. the proportion of each activity consumed by a product c. the...
Gribble Company's high and low level of activity last year was 60,000 units of product produced in May and 20,00...
Gribble Company's high and low level of activity last year was 60,000 units of product produced in May and 20,000 units produced in November. Machine maintenance costs were $156,000 in May and $60,000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 45,000 units. a. $135,000 b. $144,000 c. $117,000 d. $120,000 D10: Rin AP Mam MinAACSR Anal AICPA RR Industarter Pannen AICPA FN: Mement AICPA...
High shrinkage: Select one: a. means the store's turnover rate is too high. b. detracts from...
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Fim X's Pricing Strategy Low High Low $60,$30 Fim Y's Pricing Strategy $40,840 $30,560 High $50,$50...
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Companies must always examine their pricing ________. A) based on the supply of the product B)...
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7. Product-cost subsidiration means that A) when one product is overcasted, it results in more than one other products overcasted when company underests more than one of its products, it will overcost more than one of its other products when a company undercosts one of its products, it will overcost at least one of its other products D) when one product is overcosted it results in all other products being overcosted 8. Refining a cost system involves which of the...
-4) Gain that is set too high will result in: a) offset b) cycling c) preact d) reverse
VODYVIVILE If operations run on less than full capacity, what is the result on cost driver rates? Select one: a. They can be either too high or too low, b. They are too high c. They are too low d. They are not affected Consumption ratio is defined as: Select one: a. the measure of the number of times an activity is performed before receiving an end product. b. the proportion of each activity consumed by a product c. the...
Gribble Company's high and low level of activity last year was 60,000 units of product produced in May and 20,000 units produced in November. Machine maintenance costs were $156,000 in May and $60,000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 45,000 units. a. $135,000 b. $144,000 c. $117,000 d. $120,000 D10: Rin AP Mam MinAACSR Anal AICPA RR Industarter Pannen AICPA FN: Mement AICPA...
Fim X's Pricing Strategy Low High Low $60,$30 Fim Y's Pricing Strategy $40,840 $30,560 High $50,$50 The payoff matrix gives the profits associated with the strategic choices of two firms in an oligopolistic market. The first entry in each cell is Firm Y's profit and the second is Firm X's profit. If the two firms collude, what would each firm's profit be? Firm X / Firm Y I a. $40 / $40 O b. $25 / $75 O c. $50...
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