:The traditional (Volume-based cost systems) tend t low-volume products and under-cost high-volume products .a C ost low-volume products and over-cost high-volume products b C ost low-volume products and over-cost high-volume products .c C st low-volume products and under-cost high-volume products .d C

:The traditional (Volume-based cost systems) tend t low-volume products and under-cost high-volume products .a C ost low-volume products and over-cost high-volume products b C ost low-volume products and over-cost high-volume products .c C st low-volume products and under-cost high-volume products .d C

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 4SEQ: For which cost concept used in applying (he cost-plus, approach to product pricing are fixed...

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Similar questions

For which cost concept used in applying (he cost-plus, approach to product pricing are fixed manufacturing costs, fixed selling and administrative expenses, and desired profit allowed for in determining the markup? A. Total cost B. Product cost C. Variable cost D. Standard cost
The traditional (Volume -based cost systems ) tend to : a. under -cost low -volume products and under - cost high -volume products b. under -cost low -volume products and over -cost high - volume products . c. over -cost low -volume products and under -cost high - volume products . d.over -cost low -volume products and over -cost high -volume products
When a traditional, volume-based costing system is used, which of the following products is most likely to suffer from cost distortion? Select one O a. A low-volume, low-complexity product ObA low-volume, high-complexity product O CA low-volume, medium-complexity product O d. none of the given answer O e. A high-volume, medium-complexity product
Product costs under variable costing are typically: Group of answer choices A. higher than under absorption costing B. lower than under absorption costing C. the same as with absorption costing D. higher than absorption costing when inventory increases
Product costs under variable costing are typically: Question 1 options: lower than under absorption costing higher than under absorption costing the same as with absorption costing higher than absorption costing when inventory increases
Sales pricing decisions do not usually consider A - total product absorption costsB - costs of competitors productsC - prices of competitors productsD - elasticity of demand for the product
Which of the following statements is false ? a. Volume-based costing has typically resulted in undercost for high-volume products and overcost for low-volume products . b. All the statements are false . c . Activity-based costs per unit are always greater than volumebased costs per unit. d. Activity-based costing typically provides less information about product costs while requiring more recordkeeping. e. Different cost allocation methods are constructed so that they typically result in the same or similar estimates of how much it costs to make a product.
A mixed cost contains: a variable element and a fixed element. both selling and administrative costs. both retailing and manufacturing costs. both operating and nonoperating costs.
Variable selling expenses are a. Product costs under variable costing but period costs under absorptions costing b. Period costs under variable costing but product cost under absorption costing c. Product costs under both costing methods d. period costs under both costing methods
Marginal Costing refers to product costing methods that exclude ________ from product costs a) Fixed costs b) Variable cost c) Production cost d) Period cost
Which of the following statements is false? (You may select more than one answer.)a. Activity-based costing systems usually shift costs from low-volume products tohigh-volume products.b. Benchmarking can be used to identify activities with the greatest potential forimprovement.c. Activity-based costing is most valuable to companies that manufacture products thatare similar in terms of their volume of production, batch size, and complexity.d. Activity-based costing systems are based on the assumption that the costs included ineach activity cost pool are strictly proportional to the cost pool’s activity measure.
Which of the following statement is correct? A In a variable costing income statement, sales revenue is typically higher than in absorption costing income statement. B When production is not equal to sales, income under absorption costing differs from income under variable costing due to the difference in treatment ( product cost and period cost) of the fixed overhead cost under the two costing methods. C In variable costing system, fixed overhead cost is included as part of the cost of inventory. D In an absorption costing system, fixed overhead cost is treated as a period cost.