Which of the following is relevant to Limited's decision to accept a special order at a lower price?
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Which of the following is relevant to Limited's decision to accept a special order at a lower price?
the shipping costs to the customer
CEO's salary
Limited's investment its warehouse
the cost of its furniture and fixtures
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- Which of the following would not be a period cost? Group of answer choices Sales commissions. Accounting costs. Sales salaries. Tamper-proof packaging. Legal costs.If goods are shipped FOB destination, which of the following is true? A. Title to the goods will transfer as soon as the goods are shipped. B. FOB indicates that a price reduction has been applied to the order. C. The seller must pay the shipping. D. The seller and the buyer will each pay 50% of the cost.For which cost concept used in applying (he cost-plus, approach to product pricing are fixed manufacturing costs, fixed selling and administrative expenses, and desired profit allowed for in determining the markup? A. Total cost B. Product cost C. Variable cost D. Standard cost
- Discuss how, as warehouse manager for Vinnies Vinyls, you view the different rate of allocated costs the warehouse is being charged compared to the West store. Describe the implications of this. What steps could you take to solve this discrepancy? What alternatives would you consider, assuming management is willing to consider making changes in the rate?assi C rrat Which of the following is not a factor to consider when deciding whether to accept a special order? Select one: O A. Whether this order will hurt the brand name of the company B. Whether the offered price is sufficient to cover prime costs and fixed overhead allocated C. Whether other potential orders would be more profitable D. Whether additional fixed costs would need to be incurred E. All of the aboveWhich of the following choices correctly denotes factors that can influence a company's pricing practices for goods and services? Market Customer Conditions Costs Demand A. No Yes Yes B. No Yes No C. Yes Yes Yes D. Yes Yes No E. Yes No Yes Select one: a. Choice A b. Choice B C. Choice C Choice D Choice E d. e.
- In a make versus buy decision which of thefollowing factors is not relevant? fixed production costsreliability of supplierreliability of bought-in productsopportunity cost of alternative activitiesWhich of the following would not be considered a component of the "cost" of Goods Sold?a. Salesforce Salariesb. Transportation for purchasec. Import duties or raw materiald. Factory electricity expenseFor each situation, list the assumption, principle, or constraint that has been violated, if any. List only one answer for each situation. a. East Lake Company recognizes revenue at the end of the production cycle but before sale. The price of the product, as well as the amount that can be sold, is not certain. choose one of the assumption, principle or constraint Going concern assumptionPeriodicity assumptionNo violationHistorical cost principleRevenue recognition principleEconomic entity assumption b. Hilo Company is in its fifth year of operation and has yet to issue financial statements. (Do not use the full disclosure principle.) choose one of the assumption, principle or constraint Historical cost principleGoing concern assumptionRevenue recognition principleNo violationPeriodicity assumptionEconomic entity assumption c. Gomez, Inc. is…
- Which of the following items is not a product cost? Multiple Choice Freight cost on goods delivered FOB destination to customers Cost of merchandise purchased for resale Transportation cost on merchandise purchased from suppliers All of these answer choices are product costsWhich components correspond to the following terms? Match each item to a choice: Choices: Selling price of perishable goods Selling price, variable costs Fixed expenses Contribution margin Equipment, cost of goods sold, labor Selling price, variable costs, contribution margin ratio Quantity, mark-up/down, spoilage Payroll, utilities, insuranceWhat is the purpose of the lower of cost or net realizable value rule? What would happen if a company was to report their inventory at replacement cost?