get costing is reversal of: a. Marginal cost b. Skimming pricing c. Penetrating pricing d. Cost plus model

Q: variable

A: Performance evaluation based on income could be best achieved by using variable costing method in…

Q: explain why GAAP requires full absorption costing (instead of variable costing) if absorption…

A: Introduction:- i)Absorption costing:- Under the absorption costing, The following costs included in…

Q: When pricing products and using cost-plus pricing, which type of cost is perceived to be the safest…

A: In absorption costing , fixed manufacturing overhead will be included in stock valuation where as in…

Q: nother cost-based approach to pricing is called time and material pricing. Under this approach, two…

A: Answer: Some companies--partiicularly in service industries-- use a variiation of cost and pricing…

Q: Which of coming up next is an ordinary technique for discovering cost?    a) Absorption costing…

A: Absorption costing means that inventory is valued at total manufacturing cost including fixed…

Q: Obtain and study a CVP graph and answer the next multiple choice 22. Select the correct statement…

A: Cost-Volume-Profit analysis: Cost-Volume-Profit (CVP) analysis is a managerial accounting technique…

Q: The main problem with the cost plus strategy is O incentive to show higher costs. incentives to…

A: Cost - plus pricing strategy:- A cost-plus pricing strategy, also known as a markup pricing…

Q: Target costing is only utilized to determine the breakeven amount.

A: Target cost: In a competitive market, companies cannot set prices because the supply and demand…

Q: Why is absorption costing the method allowable for GAAP yet managers prefer variable costing

A: In variable costing only variable costs are included in the product cost. Fixed costs re considered…

Q: A favorable cost variance occurs when a. actual costs are the same as standard costs b. actual costs…

A: solution note Dear student as per the Q&A guideline we are required to answer the first question…

Q: The “line of best fit” may also be described as: a.the total variable cost line b.the total fixed…

A: Variable cost- A variable cost is a commercial expense that changes in amount to how much a…

Q: Consider the following statements about absorption costing and variable costing: Variable costing…

A: Absorption costing and variable costing are managerial accounting and financial reporting cost…

Q: In target​ costing, prices determine costs rather than vice​ versa." Explain.       Question content…

A: Target costing involves the calculation of an allowable product cost to earn a predetermined amount…

Q: 1. Relevant of differential cost analysis a takes all variable and fixed costs into account to…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: When standard costs are used in applying the cost-plus approach to product pricing, the standards…

A: False No, the standards should not be based upon normal levels of performance.

Q: In making a short-term special decision, which of the following is MOST important? a. Use a…

A: Solution Concept The decision that is to be taken differs from one another on the basis of the time…

Q: A type of strategic pricing based on analytical methods is used to: Multiple Choice   Utilize…

A: A pricing strategy is a method used to establish the best price for a product or service.

Q: (c) Describe a situation where net profit under variable costing is higher than absorption JIT…

A: Variable costing is a costing method in which overhead is incurred in the period of production of…

Q: Management may be tempted to overproduce a. when using variable costing, in order to increase net…

A: Answer: Management may be tempted to overproduce Correct answer is option (c ) c. when using…

Q: Employee training is an example of discretionary fixed costs. Select one: True False

A: Hi student Since there are multiple questions, we will answer only first question.

Q: When constrained by a limiting resource, managers often seek to produce those products which have:…

A: if a manager constrained by limiting resource, he can be to produce those products which have the…

Q: Differentiate variable cost from fixed cost. Please help me I really need the answer, clear…

A: Cost accounting is the one that is used to calculate the production cost per unit or in total a…

Q: It known that variable costing should be used for pricing purposes. What is the benefit of using…

A: There are mainly two types of Costing systems that are variable costing and absorption costing.…

Q: Product costs under variable costing are typically: Group of answer choices A. higher than under…

A:

Q: Variable costs change directly with the level of production. Select one: True False

A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…

Q: Absorption costing is more compatible with cost-volume-profit analysis than is variable costing.…

A: Variable costing simply covers the variable costs actually incurred in production, but not any of…

Q: Describe the following approaches to pricing new products: skimming pricing, penetration pricing,…

A: Pricing decisions:   Pricing decisions is one of the most important and required decision for the…

Q: Product costs under variable costing are typically:   Question 1 options:   lower than under…

A: As per the variable costing method, only variable cost is considered as the product cost while in…

Q: Relevant of differential cost analysis takes all variable and fixed costs into account to analyze…

A: Differential cost analysis is the difference in cost for every alternative which helps in making the…

Q: Based on below, Activity-Based Costing and Analysis Cost Behavior and Cost-Volume-Profit Analysis…

A: Under cost-profit volume analysis, the break-even point is that level of production where the…

Q: Target costing is reversal of: a. Skimming pricing b. Marginal cost c. Penetrating pricing d. Cost…

A: Solution: Target costing is reversal of "cost plus model". This is because under target costing,…

Q: Relevant range is the activity that affects the increase or decrease of costs Select one: O True…

A: Lets first understand the meaning of relevant range. Relevant range is a range at which fixed cost…

Q: In CPV analysis/ marginal costing, the term contribution is used. What does Contribution mean to…

A:

Q: The “plus” in cost-plus pricing is often referred to as Markup.   Extra profit.   Gross profit.…

A: Cost plus pricing means when selling price is fixed as a addition of profit on the cost price. For…

Q: simple cost analysis method to identify fixed costs and variable costs in a linear cost function is…

A: High low method is method which separates the elements of fixed cost and variable cost from the…

Q: Which one of the following technique is mostly used for financial analysis and ?interpretation (Lä…

A: The mostly used technique for financial analysis is Ratio Analysis , which means it is method used…

Q: The objective of management, under absorption costing, is that each product recovers its full cost…

A: The management is interested in that product which is giving profit in return on investment.it means…

Q: Marginal costing is also known as: O a. Direct costing and Variable costing O b. Direct costing O c.…

A: Variable costs: These costs are incurred in conjunction to the volume of goods produced or sold. It…

Q: arget costing is reversal of: a. Penetrating pricing b. Marginal cost c. Skimming pricing d. Cost…

A: Solution: Target costing is reversal of "cost plus model". this is because under target costing cost…

Q: Compute It can use ABC information for what decisions? Cost-cutting Pricing Product mix Items a, b,…

A: Activity based costing: Activity based costing is a costing method used by the company to assign the…

Q: What is happening to average costs when marginal cost is greater than average cost at a specific…

A: When marginal cost is greater than average cost (including average variable cost or average total…

Q: In order to draw a basic break-even chart, which of the following information would you not require?…

A: The break even sales are the sales where business earns no profit no loss during the period.  The…

Q: How to do absorption and marginal costing?

A: The income statement can be prepared using Marginal costing and absorption costing.

Q: Relevant costs for target pricing are​ ________.   A. variable manufacturing costs   B. variable…

A: Relevant costs are the costs which are computed to take pricing decisions. These costs include the…

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.