For cost-based pricing in multiple-product companies, which of the following is most likely to be used...
For cost-based pricing in multiple-product companies, which of the following is most likely to be used as a cost basis?
a)Unit and administrative level costs
b)Only product level costs.
c)Only variable manufacturing costs
d)Unit and batch and product level costs.
Homework Answers
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For cost-based pricing in multiple-product companies, which of
the following is most likely to be used...
please answer all 3 multiple choice questions Identify a true statement about cost-based pricing. a. The...
please
answer all 3 multiple choice questions
Identify a true statement about cost-based pricing. a. The markup percentage used in cost-based pricing includes only the desired profit. O b. Cost-based pricing is used only by manufacturing and trading companies. c. Cost-based pricing requires an approximate estimate of the cost for pricing a product. d. An appropriate markup percentage is always required in cost-based pricing. When managers consider a product mix, O a. they must choose the alternative that minimizes sales...
Which of the following companies is most likely to use process costing? A) Crimpson Color, a...
Which of the following companies is most likely to use process costing? A) Crimpson Color, a company selling customized garments for niche customers B) Effel & Associates, a consulting firm providing various audit and related services C) Dental Bright Inc., a company manufacturing and selling toothpaste on a large scale D) Grimpy Corp., a company manufacturing furniture for customers as per their requirements Which of the following most accurately describes the contrast between process and job costing? A) In process...
Which of the following statements about activity-based costing is false? Activity-based costing is most appropriate for...
Which of the following statements about activity-based costing is false? Activity-based costing is most appropriate for a firm that produces similar products that use similar resources. Activity-based costing requires a two-stage allocation of costs. Activity-based costing categorizes costs as unit-level, batch-level, product-level, or organization-sustaining. Activity-based costing can be used for manufacturing, administrative, or selling costs.
Which of the following is a likely advantage in activity-based costing (ABC)? An increase in the...
Which of the following is a likely advantage in activity-based costing (ABC)? An increase in the cost of accumulating, tracking, and assigning costs to products and services. An increase in the ability to trace indirect costs to specific activities. A decrease in the need to maintain accurate cost driver information. A decrease in the need to maintain accurate overhead cost information. Which of the following is true regarding activity-based costing (ABC)? Companies with a high proportion of non-unit-level costs should...
Which of the following would be less likely to be used to allocate factory overhead when...
Which of the following would be less likely to be used to allocate factory overhead when activity-based costing is employed? a. Setups b. Inspections c. Direct labor costs d. Engineering changes An alternative approach for allocating factory overhead when there are diverse products and processes is a. absorption costing. b. variable costing. c. activity-based costing. d. All of these choices are correct. Differential analysis may be used for the common decisions of leasing or selling equipment and manufacturing or purchasing...
Which of the following would be less likely to be used to allocate factory overhead when...
Which of the following would be less likely to be used to allocate factory overhead when activity-based costing is employed? a. Setups b. Inspections c. Direct labor costs d. Engineering changes 2) An alternative approach for allocating factory overhead when there are diverse products and processes is a. absorption costing. b. variable costing. c. activity-based costing. d. All of these choices are correct. 3) Differential analysis may be used for the common decisions of leasing or selling equipment and manufacturing...
which of the following is most likely to be variable cost QUESTION 4 Which of the...
which of the following is most likely to be variable
cost
QUESTION 4 Which of the following is most likely to be a variable cost? O A. Rent for CEO's office OB. Depreciation on production equipment O C. Cost of merchandise O D. Factory supervisor's salary 2.5 p QUESTION 8 Gamma Company has a selling price of $3/unit, unit variable costs of $2/unit and total fixed costs of $1,000. Current sales revenue is $12,000. What is the margin of safety...
4. Sharron Ince., which produces a single product, has provided the following data for its most...
4. Sharron Ince., which produces a single product, has provided the following data for its most recent month of operations Number of units produced.. Variable costs per unit: 3,000 Direct materials.... Direct labor Variable manufacturing overhead $91 $13 $7 S6 Variable selling and administrative expense Fixed costs Fixed manufacturing overbead Fixed selling and administrative expense $237,000 $165.000 There were no beginning or ending inventories. The variable costing unit product cost was: A. $111 per unit B. $190 per unit C....
12. Which of the following activity costs would likely be included in a batch-level activity cost...
12. Which of the following activity costs would likely be included in a batch-level activity cost pool? A. Per unit inspection costs B. Machine set-up costs C. Quality control costs D. All of these answers are correct. 13. A product-level activity center would likely include all of the following costs except: A. engineering development costs. B. legal fees to obtain and protect patents. C. packaging design costs. D. materials handling costs.
What is crossed-based pricing? How do companies use fixed and variable costs in cost-based pricing models?
What is crossed-based pricing? How do companies use fixed and variable costs in cost-based pricing models?
please
answer all 3 multiple choice questions
Identify a true statement about cost-based pricing. a. The markup percentage used in cost-based pricing includes only the desired profit. O b. Cost-based pricing is used only by manufacturing and trading companies. c. Cost-based pricing requires an approximate estimate of the cost for pricing a product. d. An appropriate markup percentage is always required in cost-based pricing. When managers consider a product mix, O a. they must choose the alternative that minimizes sales...
Which of the following companies is most likely to use process costing? A) Crimpson Color, a company selling customized garments for niche customers B) Effel & Associates, a consulting firm providing various audit and related services C) Dental Bright Inc., a company manufacturing and selling toothpaste on a large scale D) Grimpy Corp., a company manufacturing furniture for customers as per their requirements Which of the following most accurately describes the contrast between process and job costing? A) In process...
which of the following is most likely to be variable
cost
QUESTION 4 Which of the following is most likely to be a variable cost? O A. Rent for CEO's office OB. Depreciation on production equipment O C. Cost of merchandise O D. Factory supervisor's salary 2.5 p QUESTION 8 Gamma Company has a selling price of $3/unit, unit variable costs of $2/unit and total fixed costs of $1,000. Current sales revenue is $12,000. What is the margin of safety...
4. Sharron Ince., which produces a single product, has provided the following data for its most recent month of operations Number of units produced.. Variable costs per unit: 3,000 Direct materials.... Direct labor Variable manufacturing overhead $91 $13 $7 S6 Variable selling and administrative expense Fixed costs Fixed manufacturing overbead Fixed selling and administrative expense $237,000 $165.000 There were no beginning or ending inventories. The variable costing unit product cost was: A. $111 per unit B. $190 per unit C....
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