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D101 Cost and Managerial Accounting Module 1 with 100- correct answers
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D101 Cost and Managerial Accounting Module 1 with 100- correct answers
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D101 Cost andManagerial Accounting
Module 1 with 100%
correct answers
________ must have accurate costs so they do not
set their prices too high or too low because prices
determine the motivations of buyers.
Choose matching term
1
With accurate job cost information, the first
company can set prices that guarantee making a
profit, can understand which costs need to be
worked on, and can determine which actions can
be taken to make the company more efficient and
profitable.
2
Direct materials, direct labor, and manufacturing
overhead
3
price taker
4
, Price makers
Don't know?
Terms in this set (59)
Original
Manufacturing Organizations
Any organization whose main economic activity
involves using components or raw materials to
make finished goods for sale to customers
Service Organizations
Any organization whose main economic activity
involves producing a nonphysical product that
provides value to a customer
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