Target costing Study guides, Class notes & Summaries

ACCT 211 Exam 2 USD questions with 100% correct answers product testing cost - correct answer which of the following is an example of appraisal costs for quality management? false - correct answer businesses should invest up front in internal and external failure costs to reduce prevention and appraisal costs (T/F) it triggers production after the costumer places an order - correct answer which of the following statements is true of just-in-time management systems? indirect manufacturi...

Six Sigma can be defined as... (Select all that are true.) - Answer- 1. A problem-solving methodology 2. A specific level of quality employed by Motorola NOT: The sixth iteration of the quality system invented by Toyota In the diagram below, the measured performance of parts on a characteristic that is critical to the customer's experience is shown. (Part 2 is out of the allowable specification by the smallest possible margin and part 3 is within the allowable specification by the smalle...

How much money are we seeking and why? Correct Answer-we are seeking 1,100,000 dollars- 500,000 bank loan which will be paid off in year 3 and 100,000 from each of us to get materials to start our business How much are we willing to sell and how many times a year will product be bought Correct Answer-6,757 cushion and fabric slips and 20,477 cloth covers - found these numbers by multiplying our total market potential by the market share -once a year for fabric slips, and 1 every 3 years fo...

Test Bank for Cornerstones of Managerial Accounting 4ce 4th Canadian Edition by Maryanne M. Mowen/Don R. Hansen/David J. McConomy/Bradley D. Witt. ISBN-13: 5261 Full Chapters test banks are included. Chapter 1: Introduction to Managerial Accounting What Is Managerial Accounting? Comparison of Managerial and Financial Accounting Current Focus of Managerial Accounting The Role of the Management Accountant Managerial Accounting, Ethical Conduct, and Social Responsibility Accounting Desi...

Complete Test Bank for Horngren's Cost Accounting, A Managerial Emphasis, 3rd Australian Edition by Charles Horngren, Srikant M. Datar, Madhav V. Rajan, William Maguire, Rebecca Tan ; ISBN13: 9781488612640. (Full Chapters included Chapter 1 to 21)...Chapter 1. Management accounting in context. Chapter 2. Different costs for different purposes. Chapter 3. Determining how costs behave. Chapter 4. Cost-volume-profit analysis. Chapter 5. Estimating the costs of producing services. Chapter 6. E...

What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...

UPenn Marketing 101 Final Exam Questions and Answers 100% Pass Dynamic Pricing - Correct Answer ️️ -Adjusting prices continually to meet the characteristics and needs of individuals and situations; setting prices for a good/service based on the demand for it at the moment based on the availability of supply Uber's Surge Pricing - Correct Answer ️️ -Higher demand causes a price multiplier to kick in, increasing rates up to 8x the original price. Model: Increase supply, decrease de...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

the production budget - Sales budget + ending finished goods inventory - beginning finished goods inventory direct materials production budget - Production budget × direct materials per unit the direct materials purchases budget - Direct materials production budget + ending direct materials inventory - beginning direct materials inventory Cash collected from customers - (current period revenue × current period collection rate) + cash collected from previous period sales Cash payments to...

What are the 3+1 stages of absorption costing? correct answer: 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? correct answer: Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? correct answer: *Absorption* -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -...