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- Which of the following is one of the two approaches used to analyze data in the decision to keep or discontinue a segment? A. comparing contribution margins and fixed costs B. comparing contribution margins and variable costs C. comparing gross margin and variable costs D. comparing total contribution margin under each alternativeIn the application of lower-of-cost-or-market, market is the (a) lowest sales price. (b) highest sales price. (c) replacement cost. (d) average sales price.Target costing is reversal of: a. Marginal cost b. Skimming pricing c. Penetrating pricing d. Cost plus model
- In making a short-term special decision, which of the following is MOST important? a. Use a conventional absorption costing method b. Focus on the total cost c. Separate variable and fixed costs d. Discount cash flow to their present valuesThe term "opportunity cost" is best defined as: a. the amount of money paid for an item. b. the amount of money paid for an item, taking inflation into account. c. the amount of money paid for an item, taking possible discounts into account. d. the benefit associated with a rejected alternative when making a choice.When making decisions, managers should consider a. revenues that differ between alternatives. b. costs that do not differ between alternatives. c. only variable costs. d. sunk costs in their decisions.
- Which of the statement is not a true reflection of Target cost gap ? The target cost gap = Estimated product cost - Target cost The first step is to establish a competitive market price TheTarget cost gap is established in the 4th step of the target cost process A target cost gap is predeterminedIf the sum of standalone selling prices is greater than the transaction price, then any discount should be allocated to the performance obligations based on the relative ________. Group of answer choices historical cost book values standalone selling prices net present valuesWhich of the following pricing offers the right combination of good quality and service at a fair price? Question 1 options: A) Cost-based pricing B) Value-added pricing C) Good-value pricing D) None of the above
- Another cost-based approach to pricing is called time and material pricing. Under this approach, two pricing rates are set. Explain where this approach is used and identify the steps involved in time-and-material pricing. Also explain why this approach is used in some industries.Which of the following measures how responsive demand will be to a change in price? Question 5 options: A) Pricing adjustment B) Demand extension C) Price elasticity D) Demand curveExplain the difference between price-takers and price-setters.
