FinMan10e_ATest_ch24

FinMan10e_ATest_ch24 - 10th Edition FINANCIAL & MANAGERIAL...

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10th Edition Warren/Reeve/Duchac Chapter Test 24A Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% A
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TEST 17A (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column. For Scoring STATEMENTS Answers 0. Cost-plus methods determine the normal selling price by estimating a cost amount per unit and adding a(n) . ................................................... markup 0. ____ 1. A method of decision making that focuses on the effect of alternative courses of action on the relevant revenues and costs is . ...................... 1. ____ 2. The relevant financial factors to be considered in a lease or sell decision are differential cost and . .......................................................... 2. ____
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3. Costs that have been incurred in the past that are not relevant to the decision are called . ................................................................................ 3. ____ 4. In a decision to discontinue a product or segment, the relevant costs that will be eliminated are . ..................................................................... 4. ____ 5. Make or buy options often arise when a manufacturer has excess . ..... 5. ____ 6. The difference between the differential revenue and the differential cost is known as .................................................................................... 6. ____ 7. The manufacturing strategy that focuses on reducing the influence of
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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FinMan10e_ATest_ch24 - 10th Edition FINANCIAL & MANAGERIAL...

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