Quiz 6 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

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[ACCT3104] MANAGERIAL COSTING AND CONTROL (ST LUCIA AND IPSWICH). SEMESTER 2, 2008 (ACCT3104S_5860IPX) > TAKE ASSESSMENT: QUIZ 1 12TH EDN Take Assessment: quiz 1 12th edn Name quiz 1 12th edn Instructions Timed Assessment This Test has a 1 hour and 5 minute timer.The elapsed time appears at the top right of the window. A 1 minute warning will be displayed. Multiple Attempts This Test allows 3 attempts. This is attempt number 1. Force Completion This Test must be completed now.
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Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Question 1 1 points Save When target costing and target pricing are used together:
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target costs are gener ally higher than curren t costs the target cost is the estim ated long- run cost that enabl es a produ ct or servic e to achie ve a desire d profit the focus of target pricin g is to under cut the comp etition
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Question 2 1 points Save A graph comparing locked-in costs with incurred costs will have:
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locke d-in costs rising much faster initial ly, but dropp ing to zero after the produ ct is manu factur ed the two cost lines runni ng parall el until the end of the proce ss, when they join no differ ences unles s the produ
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Question 3 1 points Save Value engineering can reduce all of the following EXCEPT: nonval ue- added costs existin g fixed manufa cturing costs rework -hours value- added costs Question 4 1 points Save Too high a price may:
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decreas e a compet itor's market share indicat e supply is too plentifu l increas e deman d for the product deter a custom er from purchas ing a product Question 5 1 points Save
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Customer life-cycle costs are the:
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costs incurre d by the selling compa ny to satisfy the custom er replace ment costs of using a product or service costs to the custom er for buying and using a product same as the selling life- cycle prices
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Question 6 1 points Save Fluctuations in exchange rates between different currencies can influence the:
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pricing of alternat ive product s offered by foreign compet itors cost of product s using foreign supplie rs deman d for product s of foreign compet itors All of these answer s are correct.
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Question 7 1 points Save Answer the following questions using the information below: Welch Manufacturing is approached by a European customer to fulfill a one-time-only special order for a product similar to one offered to domestic customers. Welch Manufacturing has a policy of adding a 10% markup to full costs and currently has excess capacity. The following per unit data apply for sales to regular customers: Variable costs: Direct materials $30 Direct labor 10 Manufacturing overhead 15 Marketing costs 5 Fixed costs: Manufacturing overhead 100 Marketing costs 20 Total costs 180 Markup (10%) 18 Estimated selling price $198 For Welch Manufacturing, what is the minimum acceptable price of this one-time-only special order?
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$40 $60 $66 $55 Question 8 1 points Save Erickson Company is considering pricing its 5,000-gallon petroleum
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This note was uploaded on 10/21/2009 for the course ACCT 3104 taught by Professor Mrssandralazzarini during the One '09 term at Queensland.

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Quiz 6 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

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