others 2 - Question 1 Answer the following questions using...

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Question 1 1 out of 1 points Answer the following questions using the information below: Frank's Computer Monitors, Inc., currently sells 17" monitors for $270. It has costs of $210. A competitor is bringing a new 17" monitor to market that will sell for $225. Management believes it must lower the price to $225 to compete in the market for 17" monitors. Marketing believes that the new price will cause sales to increase by 10%, even with a new competitor in the market. Frank's sales are currently 10,000 monitors per year. What is the target cost if operating income is 25% of sales? Selected Answer: $168.75 Question 2 0 out of 1 points The amount of markup percentage is usually higher if: Selected Answer: there is idle capacity Question 3 0 out of 1 points Action Toys has a new video game cassette for the upcoming holiday season. It is trying to determine the target cost for the game if the selling price per unit will be set at $60, the going price for video games, and the firm wants to earn a target operating income of 12% of sales. What will be the target cost per unit for the new game? Selected Answer: $67.20 Question 4 1 out of 1 points
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Answer the following questions using the information below: Neises, White, Granberry and Associates are in the process of evaluating its new client services for the business consulting division. ∙ Estate Planning, a new service, incurred $600,000 in development costs and employee training. ∙ The direct costs of providing this service, which is all labor, averages $100 per hour. ∙ Other costs for this service are estimated at $2,000,000 per year. ∙ The current program for estate planning is expected to last for two years. At that time, a new law will be in place that will require new operating guidelines for the tax consulting. ∙ Customer service expenses average $400 per client, with each job lasting an average of 400 hours. The current staff expects to bill 40,000 hours for each of the two years the program is in effect. Billing averages $140 per hour. What is the estimated life-cycle operating income for the first two years? Selected Answer: $(1,480,000) Question 5 1 out of 1 points A graph comparing locked-in costs with incurred costs will have: Selected Answer: locked-in costs rising much faster initially than the incurred cost, but joining the incurred cost line at the completion of the value- chain functions Question 6 1 out of 1 points Life-cycle costing is the name given to:
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Selected Answer: the process of managing all costs along the value chain Question 7 0 out of 1 points A product's markup percentage needs to cover nonmanufacturing variable costs when the cost base is: Selected Answer: the variable cost of the product Question 8 0 out of 1 points The cost of producing a product: Selected Answer: for pricing
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others 2 - Question 1 Answer the following questions using...

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