A type of strategic pricing based on analytical methods is used to: Multiple Choice   Utilize knowledge of the sales life cycle in setting price.   Employ improved design methods that reduce cost and improve price.   More accurately determine life cycle costs as a basis for setting price.   Optimally determine the best price.

Q: Your team is conducting a CVP analysis for a new product. Different sales projections have different…

A: Cost estimation is defined as the approximation of the program or operation or project cost. It is…

Q: Management is considering a one-time-only special order. There is sufficient idle capacity to fill…

A: Introduction:- Management (or management) is the administration of a company, whether for-profit,…

Q: nother cost-based approach to pricing is called time and material pricing. Under this approach, two…

A: Answer: Some companies--partiicularly in service industries-- use a variiation of cost and pricing…

Q: “ Managers must decide whether a product should be sold at splitoff or processed furthur.The sales…

A: No, any method that is used to assign costs to individual products that is applied to the problem of…

Q: When companies are price-setters, their products and services are priced by managers using a…

A:

Q: Which of the following best describes an "opportunity cost"?     Expected future costs that differ…

A: Introduction: Opportunity cost: Cost for the opportunity lost called opportunity cost.

Q: Management of Great Springs Bottled Water Company has asked you, the controller, to develop a…

A: Financial statement: Financial information is a written record of an organization and individual…

Q: Price accuracy and right product offering are important aspect of an efficient order-to-cash (OTC).…

A: Order to Cash (O2C) refers to a business process which involves the whole procedure of order…

Q: Which of the statement is not a true reflection of Target cost gap ?   The target cost gap =…

A: target costing is the way in which deriving of a target cost is done to set the production manager…

Q: The primary objective of a transfer pricing system/scheme/policy is to motivate segment managers to…

A: internal transfer can be between the division or between the related companies.

Q: Three major influences on pricing decisions are​ ________.   A. continuous​ improvement, customer​…

A: Price is the cost of product to the ultimate customers, hence it needs to be decided in such manner…

Q: Can a company use a target pricing model without a follow-on cost-savings sharing agreement? Why or…

A: Target price is the price at which the stock future price is estimated grounded on earnings…

Q: Management of Great Springs Bottled Water Company has asked you, the controller, to develop a…

A:

Q: Which of the following is not an underlying assumption of a conventional CVP analysis? Multiple…

A: Cost-volume-profit analysis is the most important tool that is used by managers to specify the cost…

Q: Management of Great Springs Bottled Water Company has asked you, the controller, to develop a…

A: Transfer price is unit selling price for selling department and unit cost price for receiving…

Q: Activity-based costing is preferable in a system when multiple products have similar product…

A: Under activities based accounting, the overhead cost is applied to different activities differently.…

Q: Activity-based costing is preferable in a system: Group of answer choices A. when multiple products…

A: ABC (Activity based costing) framework was created to manage the drawbacks of customary costing…

Q: In target​ costing, prices determine costs rather than vice​ versa." Explain.       Question content…

A: Target costing involves the calculation of an allowable product cost to earn a predetermined amount…

Q: Mention any four types of pricing strategies and classify the below items the appropriate pricing…

A: Pricing policy will play an vital role in business as each product the company made needs to be…

Q: Cost-volume-profit analysis is useful for   Question 8 options:   1)  helping managers to answer…

A: Cost volume profit relationship how these three elements costs, volume and profit are inter related…

Q: What is false about cost plus mark-up pricing? a. attempts to apply or allocate fix costs to pricing…

A: Cost plus pricing: It is a pricing strategy in which company set selling price by charging  markup…

Q: Which of the following is an advantage of using cost-based transfer prices? Multiple Choice Such…

A: Cost based transfer pricing is a costing method where the selling cost of the product is based on…

Q: Managers must decide whether a product should be sold at splitoff or processed further. The sales…

A: Joint cost is the cost of assembling, that is incurred by an organization on a joint creation…

Q: Which of the following is a true statement? O The mark-up is designed to cover all non-product…

A: Answer: only a and c above The markup method is commonly used in pricing restaurant food menus and…

Q: What questions should managers answer when considering special pricing orders?

A: Definition:   Special Pricing: When businesses get Special orders from its customers for bulk…

Q: Management may be tempted to overproduce a. when using variable costing, in order to increase net…

A: Answer: Management may be tempted to overproduce Correct answer is option (c ) c. when using…

Q: what is tactical cost analysis?  what steps in the tactical decision making model correspond to…

A: The application of appropriate cost data to determine the solution that gives the company a greater…

Q: Cost Plus Pricing   This is the most common cost-based approach to pricing a product, in which a…

A: Cost Added Pricing seems to be the most typical cost-based method of setting prices for the goods,…

Q: When constrained by a limiting resource, managers often seek to produce those products which have:…

A: if a manager constrained by limiting resource, he can be to produce those products which have the…

Q: Which of the following is an advantage of using variable costing? *     a. Variable costing complies…

A: Variable costing distinct feature and advantage is that it enable to establish the cost volume…

Q: It known that variable costing should be used for pricing purposes. What is the benefit of using…

A: There are mainly two types of Costing systems that are variable costing and absorption costing.…

Q: Target costing A target cost is 'a product cost estimate derived by subtracting the desired profit…

A: Target costing: A costing system that emphasizes on the minimization of existing and future design…

Q: With the aid of computer software, managers can vary assumptions regarding selling prices, costs,…

A: Sensitivity analysis is a type of financial model that estimates or determines how output is changed…

Q: Which tool can be used to easily calculate the change in profit resulting from a change in sales…

A: Cost-volume-profit analysis: Cost-Volume-Profit Analysis (CVP analysis), also commonly referred to…

Q: if we produce goods over the capacity, should we consider the fixed marketing cost and variable…

A: Fixed marketing costs is fixed costs related with the marketing of the product and this will not be…

Q: new New techniques are often described as contributing to cost reduction, but when cost reduction is…

A: a) Objective: 1 Benchmarking helps the organizations to get ahead of the competitors.Its objective…

Q: The three common approaches to setting transfer prices include: the _____ price approach, where the…

A: There are three approaches, cost, market and negotiated.

Q: Reduced time-to-market, reduced expected service cost, and ease-of-manufacture are critical success…

A: Cost life cycle is the procedure of combining together all the costs that are to be used starting…

Q: Retailers often use psychological pricing as a price-adjustment strategy. Explain this pricing…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: 1-Describe life-cycle budgeting and life-cycle costing and when companies should use these…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: T, F. In a make or buy short-run decision situation, the critical element to consider is whether the…

A: Variable cost is that cost that varies with the number of units produced. It means that increase in…

Q: "Advise the Pricing practices or policies to be adapted for each of the items discussed below with…

A: Pricing policies are adopted by the companies to price their products according to their…

Q: Which of the following best describes an "opportunity cost"? Group of answer choices costs that were…

A: Opportunity cost is the loss of the benefit which is forgone to choose the best possible…

Q: A form of implicit collusion where one firm in an oligopoly announces a price change which is…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Which of the following should be used to compute the sales mix so that the break-even computation is…

A: In the case of a multiproduct firm, it is essential to calculate the weighted average contribution…

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.