Wgu d101 Study guides, Class notes & Summaries

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 return. What is the major purpose and use of job order costing? a. To create a system that tracks both manufacturing and period costs and assigns both to produ...

WGU D101 UFC 1 Managerial Accounting Pre-assessment With Complete Solutions.

What is a price taker? - 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? - 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 return. What is the major purpose and use of job order costing? a. To create a system that tracks both manufacturing and period costs and assigns both to products b. To create...

WGU D101 Cost And Managerial Accounting Latest Updates 2022

WGU D101 PA Review with Answers and Formulas Latest 2024 Update 100%Verified and Graded A+. 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and separate each job they use processing costing. 2) Which figures are used in computing a predete...

WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024. 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 return. What is the major purpose and use of job order costing? a. To create a system th...

WGU D101 Cost and Managerial Accounting Questions With Complete Solutions.

WGU D101 PA Review with Answers and Formulas Latest 2024 Update 100%Verified and Graded A+. 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and separate each job they use processing costing. 2) Which figures are used in computing a predete...

WGU D101 PA REVIEW WITH ANSWERS AND FORMULAS LATEST 2024 UPDATE 100% VERIFIED AND GRADED A+ WGU D101 PA REVIEW WITH ANSWERS AND FORMULAS LATEST 2024 UPDATE 100% VERIFIED AND GRADED A+ 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and ...

WGU D101 Cost and Managerial Accounting Exam Questions and Answers 2024. 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 return. What is the major purpose and use of job order costing? a. To create a system th...