“You should always choose the supplier who offers the lowest price per unit.” Do you agree? Explain.

Q: Assuming the graphs are drawn to the same scale, which provider has the greater fixed costs? The…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Which one of the following statement is not correct? Group of answer choices -Opportunity costs are…

A: Managerial accounting is helpful in decision-making related to a product whether the product should…

Q: When deciding to accept a special order, which of the following costs are relevant? A. Fixed…

A: When business has option to select one alternative out of two alternatives, then alternative which…

Q: (4) Why would you expect sellers of branded goods with high upfront research and development costs…

A: Answer: As per Q/A guidelines, the first question has been answered. Please repost remaining…

Q: Give two examples in which the difference in the costs of two products or services is much smaller…

A: The difference in cost in providing railway travel to a tourist and to a business person is nil.The…

Q: Do you think that the pandemic and shortages could cause some companies to decide to use a different…

A: The costing methods are the methods that are used by companies to determine the total cost incurred…

Q: “Management should always maximize sales of the product with the highest contribution margin per…

A: Yes, the given statement is correct.

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: When deciding whether to sell as is or process a product further, managers should ignore which of…

A:

Q: b. FertilGrow believes that it cannot charge customers the full value to the customer. Instead they…

A: Solution: Price = 0.5* VTC Price = $500 + 0.5*$500           = $750 (i).Markup = (750-500)/500×100 =…

Q: Is it impossible when the new sales price is higher than the original price if we remove tariff.…

A: A Sales price is a price upon which the seller sells the product or commodity.Generally Sales price…

Q: “Companies should always make and sell all products whose selling prices exceed variable costs.”…

A:

Q: Some consulting organizations persuasively argue that by properly incorporating suppliers into their…

A: e relationship of buyer-seller is the bond betweenn the buyer of a product and a seller.

Q: For the contribution margin analysis, select a price for each service. Determine the variable cost…

A: Target profit is a profit that the company wishes to obtain by changing certain variables like sales…

Q: When performing sales mix analysis, which one of the following is true: O a. The sales mix is…

A: The sales mix is a formula that specifies how much of each product a company sells in relation to…

Q: Which of the following choices correctly denotes factors that can influence a company's pricing…

A: Pricing a product or service is an important task for every organisation. It is the basis for the…

Q: A major factor in evaluating a special order is * O The expected contribution margin on the order. O…

A: There are various factors that affect the decision for a special order.

Q: If the incremental cost of producing an item in the short run is less than the outsourcing price,…

A: Outsourcing price is the price paid to someone else for making a product whereas in house cost is…

Q: differential costs where you had to choose between two alternatives

A: Differential cost refers to the difference between the cost of two or more alternative options.  It…

Q: “Increasing the number of indirect-cost pools is guaranteed to sizably increase the accuracy of…

A: Indirect cost pool refers to the accumulated cost that jointly benefits two or more costs…

Q: uct is public good, analy

A: Demand Function- Demand function is what describes a relationship among one variable and its…

Q: “A component part should be purchased whenever the purchase price is less than its total…

A: Operating Income:Operating income is income which is earned by carrying out the regular business…

Q: Which of the following statements regarding price elasticity is incorrect? a. A product with a…

A: a) In a perfectly inelastic demand the consumers are willing to pay any price for the product and so…

Q: What do you mean when you say "fixed costs"? What's the point? Is it possible to have a combined…

A: Introduction: Costs are the costs that a company incurs when it is in operation. It includes the…

Q: Distinguish how SFS could use Target Costing and Kaizen Costing to improve its future performance.…

A: Target Costing and Kaizen Costing to improve its future performance by the following manner –…

Q: For which product(s) above would it be more profitable for Faustina to sell at the split-off point…

A: Here, we have to find out the most profitable product.

Q: What is the minimum price per unit on the special order below which the company should not go? HI

A: Since the company's fixed manufacturing overhead and fixed selling and administrative expense would…

Q: Given the weaknesses of cost-based pricing, why wouldany company use this method?

A: Cost-based pricing means setting prices based on the cost of goods and services.  The major…

Q: The line that begins at the origin on a CVP graph represents     total expenses.     total fixed…

A: Since you have posted multiple questions , we will do the first one for you. If you want any…

Q: In your own words, explain what differential costs mean. How are fixed costs and variable costs…

A: The cost can be classified on the basis of nature variable or fixed. The variable cost are directly…

Q: What other issues must the company consider in deciding whether to accept the business?

A:

Q: Which of the following statements regarding price elasticity is incorrect? A product with a…

A: Price Elasticity:Price elasticity refers to the calculation of changes in demand and price of a…

Q: “A company should not allocate costs that are fixed in the short run to customers.” Do you agree?…

A: Cost Allocation:The process of assigning the cost to the cost object is cost allocation. The cost…

Q: Would the pandemic and shortages could cause some companies to decide to use a different method of…

A: The costing methods is the methods that helps the coampiens to identify the amount spent on the…

Q: Companies should always make and sell all products whose selling prices exceed variable costs.”…

A: Contribution margin: Contribution margin is computed by deducting variable expense from revenues. It…

Q: choose a company which produces more than one product. Take at least two of these products and…

A: The answer is stated below:

Q: Consider a situation in which a firm needs to make a decision regarding the resources to allocate…

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

Q: Consider a product market with three consumers A, B and C with demand function PA = 6 – QA, PB = 6 –…

A: Demand Function- Demand function is what describes a relationship among one variable and its…

Q: When performing sales mix analysis, which one of the following is true: a. Producing and selling…

A: Sales mix is the ratio in which different products are sold in the company. Contribution margin is…

Q: How much leverage do you have in convincing the supplier to reduce costs when the supplier already…

A: Any amount which has been invested by the company and it is not going to be recovered is known as…

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…

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.