Cost Management A Strategic Emphasis Test Bank Solution Manual (Graded A+)
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Course
Cost Management A Strategic Emphasis
Institution
Cost Management A Strategic Emphasis
Cost Management A Strategic Emphasis Test Bank Solution Manual (Graded A+)
calculating profitability - Answers weighing the earnings (revenues) against the expenditures
profitable enterprise - Answers there are more revenues than expenditures
loss-making enterprise - Answers there are more expen...
Cost Management A Strategic Emphasis Test Bank Solution Manual (Graded A+)
calculating profitability - Answers weighing the earnings (revenues) against the expenditures
profitable enterprise - Answers there are more revenues than expenditures
loss-making enterprise - Answers there are more expenditures than revenues
revenue - Answers net (excluding VAT) price invoiced of the goods sold during the given period
expenditure - Answers Value of using resources needed for realizing sales (earnings) in the given period
in terms of money
size of expenditures - Answers shows how much the given company had to spend to realize the given
year's output (sales)
examples for expenditures - Answers historical value of goods sold, historical value of using further
resources that serve producing and selling activity
cost - Answers value of using resources needed for carrying out the activity of the given period in terms
of money
expense - Answers sum of money paid by the entrepreneur as the exchange value of the conditions of
production and sales
cost of distribution - Answers all the costs above CoGS that arise during turnover activity
examples for distribution costs - Answers wages of people working in trade units, packaging materials,
rent
profit of turnover activity - Answers sales revenues - CoGS - costs of distribution
cost types - Answers material type expenditures
personal type expenditures
depreciation/amortization
material type expenditures - Answers all the expenditures that enterprises spend on purchasing material
assets and services
examples for material type expenditures - Answers purchase value of goods sold and services provided
contracted services employed
personal type expenditures - Answers expenditures related to employment, using workforce
examples for personal type expenditures - Answers wages and salaries
, other employee benefits
contributions on wages and salaries
depreciation/amortization - Answers money value of wear and tear of assets that serve the company in
the long run
relatively fixed costs - Answers their amount is relatively independent from the change in turnover
variable costs - Answers they follow the change in turnover
linear costs - Answers they change in the same direction and volume as turnover does
digressive costs - Answers the direction of their change is the same as that of turnover but the volume of
change is less than that of turnover
progressive costs - Answers the direction of their change is the same as that of turnover but the volume
of change is more than that of turnover
examples for relatively fixed costs - Answers rent of the premises
utility fees
depreciation of equipment
types of variable costs - Answers linear costs
digressive costs
progressive costs
examples for linear costs - Answers commission determined in percentage of turnover and the costs of
packaging material in case of goods requiring prepackaging
examples for digressive costs - Answers costs of transportation
expenditures spent on workforce
examples for progressive costs - Answers overtime-pay
advertising costs in case of launching a new product
groups of costs according to certain phases of turnover - Answers costs related to purchase, stockpiling
and selling
examples for costs related to purchase - Answers purchase value of assets, tools,
prints needed for the receipt of goods
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