Break even point bep Study guides, Class notes & Summaries

CSAF (Certified Specialist Accounting and Finance (CSAF) course from HFMA) Questions With 100% Complete Solutions.

CIPS L4M2 Defining Business Need questions with answers 2023 rated A+Fixed Cost (FC) Costs that remain the same irrespective of business activity or volume Variable Cost (VC) Costs that vary with the level of output Market Factors Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) When total costs are equivalent to sales revenue (after this, it is profit) Solving a Problem SCAMPER Substitute Combine Adapt Modify P...

Why is Cost Accounting Important? - ANSWERSBecause reimbursement is predetermined, management must focus primarily on finding way to manage costs, so cost accounting is critical. Cost information is useful to a variety of key decision-makers in a healthcare organization. Incremental or Marginal Cost - ANSWERSThis is when costing decisions are being made with the understanding that there is a difference in cost at two different activity or volume levels. Contribution Margin - ANSWERSThis is...

CIPS L4M2 Defining Business Need questions correctly answered 2024 Fixed Cost (FC) - correct answer Costs that remain the same irrespective of business activity or volume Variable Cost (VC) - correct answer Costs that vary with the level of output Market Factors - correct answer Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) - correct answer When total costs are equivalent to sales revenue (after this, it is profit) Solving a Proble...

CIPS L4M2 Defining Business NeedFixed Cost (FC) - correct answer Costs that remain the same irrespective of business activity or volume Variable Cost (VC) - correct answer Costs that vary with the level of output Market Factors - correct answer Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) - correct answer When total costs are equivalent to sales revenue (after this, it is profit) Solving a Problem - correct answer SCAMPER Subs...

Chapter 2: Cost-Volume-Profit Exam 47 Questions with Verified Answers 1. Selling prices 2. Sales Volume 3. Unit variable costs 4. Total Fixed Costs 5. Mix of Products sold - CORRECT ANSWER Factors in which profits are affected (5): Sales revenue - CORRECT ANSWER Price × Units sold Profit Equation - CORRECT ANSWER (Price × Units) - (Unit variable cost × Units) - Fixed cost Break-even point in units - CORRECT ANSWER Total Fixed cost/ Contribution Margin (Price - Unit variable co...

WGU C201 Business Acumen Chapter 11, 12, 13: Marketing Already Passed Marketing The process for discovering unmet customer needs, researching potential markets, producing goods or services to satisfy targeted customers, promoting, pricing, and distributing. The organizational function and set of processes for creating, communicating and delivering value to customers, managing customer relations, advocates ideas or viewpoints and educating others. How does marketing create utility? Creates time,...

CSAF Questions and Answers 2023 Why is Cost Accounting Important? Because reimbursement is predetermined, management must focus primarily on finding way to manage costs, so cost accounting is critical. Cost information is useful to a variety of key decision-makers in a healthcare organization. Incremental or Marginal Cost This is when costing decisions are being made with the understanding that there is a difference in cost at two different activity or volume levels. Contributio...

WGU C253 Managerial Accounting, Exam Review Questions. Latest update, VERIFIED. Pre-determined overhead rate formula - -projected overhead costs / expected activity base applied overhead formula - -pre-determined overhead rate x actual units of allocation based (such as direct labor hours) Under/over applied overhead rate = - -actual MOH - applied MOH Job cost = - -Direct materials + direct labor + applied MOH + (beg wip - ending wip) Cost of good sold = - -cost of goods manufactured ...

a Which of the following is not a pricing constraint? a. social responsibility impact the product has on society b. competitors' prices c. newness of the product or stage in its product life cycle d. cost of changing prices and the time period they apply e. single versus a product line a All of the following are examples of a price except a. a tax. b. a salary. c. a fare. d. wages. e. dues. Brainpower Read More Previous Play Next Rewind 10 seconds Mov...