Stichworte cost classifications

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Stichworte: cost classifications

When the revenue is more than the cost for a business it is making a profit?

When the revenue is more than the cost for a business it is making a profit?

What is the relationship between marginal cost and marginal product quizlet?

What is the relationship between marginal cost and marginal product quizlet?

Which of the following would not be included in the cost of a manufactured product?

Which of the following would not be included in the cost of a manufactured product?

How does the level of debt affect the weighted average cost of capital (wacc)?

How does the level of debt affect the weighted average cost of capital (wacc)?

According to the short-run average total cost curves, the firm is experiencing

According to the short-run average total cost curves, the firm is experiencing

Out-of-pocket cost for subscribers and patients are decreasing. true or false?

Out-of-pocket cost for subscribers and patients are decreasing. true or false?

What costs are those costs that increase as the level of production increases?

What costs are those costs that increase as the level of production increases?

What is the cost that has already been incurred and which Cannot be recovered?

What is the cost that has already been incurred and which Cannot be recovered?

When the marginal cost is equal to average total cost the average total cost is?

When the marginal cost is equal to average total cost the average total cost is?

When marginal cost exceeds average variable cost average variable cost is ____?

When marginal cost exceeds average variable cost average variable cost is ____?

What type of industry is likely to use a process cost system give some examples

What type of industry is likely to use a process cost system give some examples

Which of the following is an example of a fixed cost for transportation Quizlet

Which of the following is an example of a fixed cost for transportation Quizlet

Which of the following allows aws users to manage cost allocations for billing?

Which of the following allows aws users to manage cost allocations for billing?

Of the following diagnostic tests, which one is the most cost-effective method of screening urine?

Of the following diagnostic tests, which one is the most cost-effective method of screening urine?

Which of the following are generally true about the cost of equity and the cost of debt?

Which of the following are generally true about the cost of equity and the cost of debt?

Which of the following is most likely a fixed cost sales representative commissions

Which of the following is most likely a fixed cost sales representative commissions

Which of the following items is not a factor in the cost of a lease of an automobile?

Which of the following items is not a factor in the cost of a lease of an automobile?

Which of the following is not a broad cost category in total cost of ownership?

Which of the following is not a broad cost category in total cost of ownership?

Which of the following activities are involved in the project cost control process?

Which of the following activities are involved in the project cost control process?

In addition to cost, how are industrial products divided into product categories

In addition to cost, how are industrial products divided into product categories

The traditional volume-based cost system vs ABC may distort product costs because

The traditional volume-based cost system vs ABC may distort product costs because

______ attract(s) customers by eliminating, or reducing, the up-front cost of a product or service.

______ attract(s) customers by eliminating, or reducing, the up-front cost of a product or service.

The cost of prevention in the sigma six cost-of-quality (coq) equation includes:

The cost of prevention in the sigma six cost-of-quality (coq) equation includes:

Which of the following aws services can be used to forecast your aws account usage and costs?

Which of the following aws services can be used to forecast your aws account usage and costs?

What is the reason behind the upward sloping portion of the long run cost curve?

What is the reason behind the upward sloping portion of the long run cost curve?

Which program is an incentive program for physicians in eligible clinicians that links payment to quality measures and cost saving goals?

Which program is an incentive program for physicians in eligible clinicians that links payment to quality measures and cost saving goals?

Which of the following measures the relationship between cost of goods sold and the amount of inventory carried during the period?

Which of the following measures the relationship between cost of goods sold and the amount of inventory carried during the period?

For Which if the following businesses would the job order cost system be appropriate?

For Which if the following businesses would the job order cost system be appropriate?

If 17,000 units are produced and sold, what is the variable cost per unit produced and sold

If 17,000 units are produced and sold, what is the variable cost per unit produced and sold

Fifo is the inventory cost flow method that follows the normal physical flow of the goods.

Fifo is the inventory cost flow method that follows the normal physical flow of the goods.

What accounting concept is employed when using the lower-of-cost-or-market valuation?

What accounting concept is employed when using the lower-of-cost-or-market valuation?

The inventory costing method that results in the lowest taxable income in a period of rising cost is

The inventory costing method that results in the lowest taxable income in a period of rising cost is

Which of the following must contain a statement of policy Cost and Benefit Information

Which of the following must contain a statement of policy Cost and Benefit Information

What can a business use to reduce production costs for a cost advantage strategy?

What can a business use to reduce production costs for a cost advantage strategy?

If a sociologist wants to know how students feel about the cost of living in residence halls

If a sociologist wants to know how students feel about the cost of living in residence halls

The time which results in the minimum cost for construction an activity is known as

The time which results in the minimum cost for construction an activity is known as

A type of indirect cost incurred to benefit more than one cost object is a(n) ______ cost.

A type of indirect cost incurred to benefit more than one cost object is a(n) ______ cost.

A cost that can be easily and conveniently traced to a specific cost object is a(n)

A cost that can be easily and conveniently traced to a specific cost object is a(n)

What is the marginal cost per unit of production when the firm produces 100 lanterns

What is the marginal cost per unit of production when the firm produces 100 lanterns

Refer to figure 11-7. when output level is 100, what is the total cost of production?

Refer to figure 11-7. when output level is 100, what is the total cost of production?

Which of the following cost is not included while computing unit product cost under variable costing?

Which of the following cost is not included while computing unit product cost under variable costing?

The source document we would create to collect cost information in a job order cost system is

The source document we would create to collect cost information in a job order cost system is

What is meant by equivalent units of production and why are they important when a process cost accounting system is used?

What is meant by equivalent units of production and why are they important when a process cost accounting system is used?

What do you call the cost of operations that a company incurs to generate revenue?

What do you call the cost of operations that a company incurs to generate revenue?

When using a perpetual inventory system, the journal entry to record the cost of goods sold is

When using a perpetual inventory system, the journal entry to record the cost of goods sold is

The cost of all direct materials issued to production is debited to work in process inventory.

The cost of all direct materials issued to production is debited to work in process inventory.

What is the relationship between price and marginal revenue in perfect competition?

What is the relationship between price and marginal revenue in perfect competition?

The role of spokesperson falls into which of mintzbergs managerial classifications?

The role of spokesperson falls into which of mintzbergs managerial classifications?

What is the term used to describe the difference between the cost of inputs and the value of price of outputs?

What is the term used to describe the difference between the cost of inputs and the value of price of outputs?

What type of cost is never relevant and should be disregarded when making decisions?

What type of cost is never relevant and should be disregarded when making decisions?

Which type of firms will belong to a decreasing cost industry at high output levels?

Which type of firms will belong to a decreasing cost industry at high output levels?

The first ad agency to charge a commission based on the net cost of space was ______.

The first ad agency to charge a commission based on the net cost of space was ______.

Which of the following is not an underlying assumption of cost-volume-profit analysis? quizlet

Which of the following is not an underlying assumption of cost-volume-profit analysis? quizlet

Cost-volume-profit analysis helps managers predict how changes in and levels affect income.

Cost-volume-profit analysis helps managers predict how changes in and levels affect income.

Which economic concept is expressed in the saying theres no such thing as a free lunch?

Which economic concept is expressed in the saying theres no such thing as a free lunch?

When a country can produce and sell a product at a lower cost than any other country?

When a country can produce and sell a product at a lower cost than any other country?

Assume that the cost data in the following table are for a purely competitive producer

Assume that the cost data in the following table are for a purely competitive producer

What is the relationship between value of service pricing and cost of service pricing?

What is the relationship between value of service pricing and cost of service pricing?

Cost behavior analysis applies to retailers. wholesalers. manufacturers. all entities.

Cost behavior analysis applies to retailers. wholesalers. manufacturers. all entities.

How does a cost efficient capital market help reduce the prices of goods and services?

How does a cost efficient capital market help reduce the prices of goods and services?

Which of the following is the best example of an action that imposes an external cost?

Which of the following is the best example of an action that imposes an external cost?

Which of the following is a consideration in calculating the cost of a backup strategy?

Which of the following is a consideration in calculating the cost of a backup strategy?

What do you call the amount that the patient must pay at the time of each office visit?

What do you call the amount that the patient must pay at the time of each office visit?

The lower of cost or market basis is an example of the accounting concept of conservatism

The lower of cost or market basis is an example of the accounting concept of conservatism

Cost-efficiency is an advantage associated with which of the following research designs?

Cost-efficiency is an advantage associated with which of the following research designs?

When a firm sees average cost start to increase as production increases this is known as?

When a firm sees average cost start to increase as production increases this is known as?

Which of the following best describes a firms long run average cost curve the Lrac curve?

Which of the following best describes a firms long run average cost curve the Lrac curve?

What is a point of similarity in both value-based pricing and cost-based pricing strategy

What is a point of similarity in both value-based pricing and cost-based pricing strategy

A firms average fixed cost in rs 20 at units f output what will it be at 4 units of ouput

A firms average fixed cost in rs 20 at units f output what will it be at 4 units of ouput

What type of accounting provides information to managers to allow them to make decisions?

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%?

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

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 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

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 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?

Which of the following would be included in the cost of production manufactured according to absorption costing?

Shifting the cost structure from fixed to variable cost, ______ the potential for profits.

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:

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?

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?

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 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?

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 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?

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?

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?

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?

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?

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

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 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?

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

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 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?

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:

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.

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?

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?

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 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?

Which method of transfer pricing is used if both the division are free to deal either with each other or in the external market?