Product line costing - Study guides, Class notes & Summaries

UTK: BUAD 331 Exam 1 Complete (answers updated fall 2022/23.) ____________ the chain facilitates better strategic alignment between supply chain operations. A. Breaking B. Sharing C. Bending D. Spreading A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. What is one initiative that could be planned and implemented to achieve this goal? A.Increase sales calls to all existing customers. B.Increase capacity utilization to gain economies of ...

What is the difference between direct and indirect costs? Direct cost can be physically identified with and/or traced to the cost object because there's a direct causal link between them For example, direct cost for a manufactured product line, include the materials which are a part of the product and labor Indirect costs cannot be conveniently and easily traced to each cost object For example, indirect costs, include the machinery, plant, and other labour necessary to manufacture the...

CSAF Questions and Correct Solutions 2024 Contribution Margin - Answer -The difference between marginal revenue and marginal cost; Contribution margin goes toward supporting fixed costs; if it exceeds that, it goes to profit. Break-even point - Answer -Break-even point is the volume number of units when the marginal revenue covers the fixed cost opportunity; The break-even point is the level of sales volume of a product producing the exact amount of Contribution margin needed to cover fixed...

Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who oversees the manufacturing process for that location. Segmented income statements are prepared for each plant and for each product manufactured in the plant. The salary of each plant manager is a: - Answer-traceable fixed cost to the plant and a common fixed cost for the individual product lines made in the plant SPS Products has two divisions—Catalog Sales and O...

Test Bank for Cost Management 7th Edition by Blocher Multiple Choice Questions 1. Which of the following does not represent a main focus of cost management information? A. Strategic management. B. Performance measurement. C. Planning and decision making. D. Preparation of financial statements. E. Internal audit and control. 2. Strategic management can be defined as the development of a sustainable: A. Chain of command. B. Competitive position. C. Cash flow. D....

MAC3701 Assignment 2 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .... Company information Pinatech (Pty) Ltd (“Pina”), based in Isando, Gauteng, has a male-dominated executive team and manufactures two types of premium laptop models: 14-inch Deluxe and 16-inch Elite laptops (one laptop is equal to one unit) for professionals and gamers. Their products are known for superior perform...

Test Bank for Cost Management 7th Edition by Blocher Multiple Choice Questions 1. Which of the following does not represent a main focus of cost management information? A. Strategic management. B. Performance measurement. C. Planning and decision making. D. Preparation of financial statements. E. Internal audit and control. 2. Strategic management can be defined as the development of a sustainable: A. Chain of command. B. Competitive position. C. Cash flow. D....

the production budget - Sales budget + ending finished goods inventory - beginning finished goods inventory direct materials production budget - Production budget × direct materials per unit the direct materials purchases budget - Direct materials production budget + ending direct materials inventory - beginning direct materials inventory Cash collected from customers - (current period revenue × current period collection rate) + cash collected from previous period sales Cash payments to...

Test Bank for Cost Management 7th Edition by Blocher Multiple Choice Questions 1. Which of the following does not represent a main focus of cost management information? A. Strategic management. B. Performance measurement. C. Planning and decision making. D. Preparation of financial statements. E. Internal audit and control. 2. Strategic management can be defined as the development of a sustainable: A. Chain of command. B. Competitive position. C. Cash flow. D....

Test Bank for Cost Management 7th Edition by Blocher Multiple Choice Questions 1. Which of the following does not represent a main focus of cost management information? A. Strategic management. B. Performance measurement. C. Planning and decision making. D. Preparation of financial statements. E. Internal audit and control. 2. Strategic management can be defined as the development of a sustainable: A. Chain of command. B. Competitive position. C. Cash flow. D....