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Fragen und a
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Stichworte
Stichworte: = $12500 $5x total cost
What type of accounting provides information to managers to allow them to make decisions?
What pricing practice is a small retailer using when the company marks up prices by 100%?
Which of the following are the two main types of cost accounting systems for manufacturing
A cost that is relevant to one decision may be irrelevant to a different decision. this statement is
A cost that can be avoided by choosing one alternative over another is relevant for decision purpose
Which of the following is not an example of a responsibility center cost center revenue center Profit Center Investment Center contribution Center?
Which of the following would be included in the cost of production manufactured according to absorption costing?
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Shifting the cost structure from fixed to variable cost, ______ the potential for profits.
Differential costs, opportunity costs and sunk costs are all cost classifications used in:
Which of the following is true of speed as a success driver of organizational performance?
Is the customers perception that a product has a better relationship between the cost and the benefits of that particular product than the competitors?
When evaluating work packages that have a negative cost variance you should focus on taking corrective actions to reduce the costs of quizlet?
When evaluating work packages that have a negative cost variance you should focus on taking corrective actions to reduce the costs of group of answer choices?
Which accounting principle requires expenses in the same period as the sales they helped to produce?
Which accounting concept or principle states that the transactions of business must be recorded separately from those of its owners or other businesses?
What charts the cost to the company of the unavailability of information and technology and the cost to the company of recovering from a disaster over time?
Why is top down estimating generally not effective at developing a low cost project estimate?
When the current years ending inventory is overstated the current years cost of goods sold is overstated?
Which inventory costing method approximates most closely the current cost for cost of goods sold and ending inventory?
In applying the lower of cost or market method to LIFO inventory valuation, market is defined as
When reporting inventory using the lower of cost or market method realizable market value should not be less than?
When valuing raw materials inventory at lower of cost or market what is the general meaning of the term market?
It refers to anything ( a product, product line, a business segment) for which cost is computed
Which of the following is an advantage of using the sales comparison approach to valuation?
Which of the following production operations would be most likely to employ a job order system of cost accounting?
In a job-order cost system, direct labor costs usually are recorded initially with a debit to:
For an automotive repair shop, the wages of mechanics would be classified as direct labor cost.
Under which of the following conditions will the first in first out method of process costing yield the same cost per equivalent unit as the weighted average method?
When actual fixed overhead cost is less than budgeted fixed overhead cost the budget variance is labeled?
Which of the following is the difference between actual and budgeted amounts of fixed overhead costs?
Which method of transfer pricing is used if both the division are free to deal either with each other or in the external market?
A phlebotomy technician is performing a total cholesterol point of care test for a patient
The competitive firms long-run supply curve is that portion of the marginal cost curve that
Which strategy is most suitable for the firm that face both high cost pressures and high pressures for local responsiveness?
The prior experience method to make time and cost estimates works best for large projects.
Is that level of sales in which total revenues equal total costs and net income is equal to zero?
When price differences are greater than the cost of transportation between two markets the possibility of?
What is the major difference between service and merchandising companies in terms of accounting?
What is it called when individuals or organizations incur an expense to move from one product or service to another?
A(n) ______ discount is when large quantities or packages cost only a little more than smaller ones.
A seller is willing to sell a product only if the seller receives a price that is at least
In a supply and demand diagram show producer and consumer surplus at the market equilibrium
What is a refers to the total quantities of commodity offered for sale by all in producer?
The civil war has been described as the first total war in modern times. a total war is defined as
Which theory states that deviant behavior occurs when a person weighs the cost and benefits of deviant behavior and concludes that the benefits outweigh the risks?
What vital capacity reading is considered low and a potential symptom of a respiratory problem in mL?
What is the result if a company uses the wrong cost driver to assign manufacturing overhead?
How can a company improve cost competitiveness on the distribution side of its value chain?
Which of the following costs should not be taken into consideration when making a decision?
Given the cost formula Y = $12,500 $5X, total cost for an activity level of 4,000 units would be
Variable costs are costs that vary in total in direct proportion to changes in the activity level.
How do you think the CEOs leadership style may have impacted the outcome of the EHR implementation
In which contract does the buyer pay the supplier for allowable performance costs along with a predetermined percentage based on total costs?
Which of the following are good opportunities for a company pursuing a low-cost provider strategy?
Managers must make strategic trade-offs involving choices between cost and value because ______.
What are the implications of increasing marginal opportunity costs for the shape of the production possibilities frontier?
Is the ability of an individual firm or country to produce a good or service at lower opportunity cost than competitors quizlet?
What is it called when one producer has a lower opportunity cost of production than another producer for a product quizlet?
When one nation can produce a product at lower cost relative to another nation it is said to have a blank in producing the product?
What term is used to describe when one nation can produce a product at lower cost relative to another nation?
When a country can produce a good at a lower opportunity cost than another country that country has a ___ in that good?
Which of the following calculates the total from the adjacent cell through the first Nonnumeric cell by default using the SUM function in its formula quizlet?
When price and total revenue move in the same direction along the demand curve This indicates that demand is?
If a shift in price causes an opposite change in total revenue, then the product is _______.
The opportunity cost of an alternate course of action that is relevant to a make-or-buy decision is
Which of the following refers to the process of dividing the total market into several groups with similar characteristics market?
Which of the following best explains why the short-run average total cost curve is u-shaped?
When a firm produces 4 units of output Its total cost is 40 and total variable cost is 20 calculate average fixed cost?
Which one of the following statements is true to the relationship between marginal cost function and average cost function?
In the short run the firm will realize an economic loss but will continue to produce if the price is
What would happen to the equilibrium price and quantity of lattes if the cost of producing steamed milk rises?
In a cost benefit analysis the expected frequency of an attack expressed on a per year basis
Is the total amount of a good that all sellers in that market are willing and able to sell?
What is an integrated set of actions taken to produce goods or services with features that are acceptable to customers at the lowest cost relative to that of competitors?
Which of the following best describes a company that has adopted a low-cost producer strategy?
Whats the term for the total amount of covered medical services that a patient must pay for each year before the insurance company will begin to pay?
Which goal is an expected outcome for a client recovering from a total laryngectomy the client will?
What is a standard cost the amount management thinks that should be incurred to produce a good or service?
What is the amount of time an activity may be delayed before it delays the project end date?
What is differentiation How does differentiation help the organization to develop the competitive edge?
Which costing is the process of cost reduction during the manufacturing phase of an existing product?
Which of the following is often cause of difference between actual and standard cost of material and Labour?
Which of the following unfavorable cost variances would be the least relevant in evaluating the performance of a production supervisor?
Is the maximum amount of time an activity may be delayed without delaying the total project beyond its target time?
What term is used for the amount of time an activity can be delayed from its early start without delaying?
All of the following are health care cost-control methods used by employers except ________.
When the price change has no effect on total expenditure the value of elasticity of demand is?
When as a result of increase in price of good total expenditure made in good falls price elasticity of demand is?
It involves deciding how to approach and plan the risk management activities for the project
What would happen to the equilibrium price and quantity of lattes If the cost of producing steamed milk which is an ingredient in the production of lattes rises?
_____ is the process of monitoring the project costs and managing changes to the cost baseline.
Is an estimating technique that uses the cost of a similar previous project as a starting point for creating a cost estimate for a new project?
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In which of the following ways may staffing practices change in response to benefit cost controls?
The total revenue/expenditure rule of elasticity suggests that when price and total revenue go
Information systems can help an organization support a strategy of being a low-cost producer.
Which of the following is essential for implementing a successful total quality management program?
Which of the following activities is not associated with the cost management information system?
Which accounting is concerned with the use of accounting information by managers within organizations?
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