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Exam (elaborations)
WGU D101 Cost and Managerial Account ing 2024/2025 with detailed answer
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5.0(1)5.0-38February 20242023/2024A+Available in bundle
- what is a price taker?-answerA company that has to accept the price that the market sets for a good. They have no influence over 
setting the price. 
What is a price maker?-answera firm possessing the power to set the price within the market. They still need to track all costs in order 
to make sure they are making an adequate retur
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$10.49 More Info
Bestnursesteve
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Exam (elaborations)
WGU D101 Cost and Managerial Account ing 2024/2025 with detailed answers
-
---37February 20242023/2024A+
- what is a price taker?-answer- 
A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
What is a price maker?-answer- 
a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate retur 
 
What is the major purpose and use of job order costing? 
 
a. To create a system that tracks both manufacturing
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$13.49 More Info
muriuki04
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Exam (elaborations)
WGU D101 Cost and Managerial Account ing 2024/2025 with detailed answers
-
---37February 20242023/2024A+
- what is a price taker?-answer- 
A company that has to accept the price that the market sets for a good. They have no influence over setting the price. 
What is a price maker?-answer- 
a firm possessing the power to set the price within the market. They still need to track all costs in order to make sure they are making an adequate retur 
 
What is the major purpose and use of job order costing? 
 
a. To create a system that tracks both manufacturing and period
-
$13.49 More Info
erickmacharia