20-Which of the following term is used to denote, the response of cost to the change in the volume of production? a. Cost response b. Cost trend c. Cost behavior d. Cost accumulation

Q: 6. Conventional CVP analysis requires management to classify all costs as either with respect to…

A: Cost volume profit (CVP) analysis is an accounting technique of determining the effect of change in…

Q: The cost driver for demand creation activity is: a. Value of materials stored b. Number of orders c.…

A: Cost driver: A cost driver is the root  cause of a cost  and total cost is incurred by its effect.

Q: Q2. Describe how total variable costs and unit variable costs behave with changes in the level of…

A: This is a theory question and we will explain Total variable cost and unit variable costs behave…

Q: 5. Which of the following best describes a fixed cost? A. Increase proportionately with output. B.…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: A fixed cost is a cost which   Group of answer choices varies inversely in total with changes in…

A: Fixed cost is a cost that remains constant as volume of activity changes but per unit basis varies…

Q: A cost driver   a. causes fixed costs to rise because of production changes. b. has a direct…

A: According to activity based costing, the overhead cost is applied to the production on the basis of…

Q: 23) The difference between budgeted sales revenue and break-even sales revenue is the A)…

A: Budgeted sales revenue is computed by multiplying the number of units sold with the budgeted selling…

Q: 17. What are costs that remain the same in total dollar amount as the activity base changes?

A: The costs that remain same in total dollar amount is  Both cost per unit and activity base are…

Q: Which of the following items would  not be found on a contribution format income statement?…

A: Cost-Volume-Profit analysis is the technique of managerial accounting, which examines that how…

Q: 18. Classifying a cost as either direct or indirect depends upon:     whether the cost can be…

A: Cost: It refers to the aggregated amount that is spent on manufacturing a product.

Q: Required: 1. What is the application rate per direct labor hour, the total overhead cost equation,…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Which of the following material issue pricing method considers the prices as well as the quantities…

A: Solution: "Weighted average method"  considers the prices as well as the quantities of materials…

Q: What is target cost per​ unit?       Question content area bottom

A: Target cost is the cost which is sufficient to develop specified functionality and quality of a…

Q: In the formula y = a + bX, y represents   a. total fixed cost b. total variable cost c. total cost…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: 2) What is measured along the horizontal axis in a graph of the production possibility frontier?…

A: The Measured along the Horizontal Axis in a graph of the production possibility frontier is as…

Q: Q.Describe three reasons for an unfavorable direct manufacturing labor efficiency variance

A: Unfavourable direct manufacturing labour efficiency variance means actual cost of labour is more…

Q: Which of the following cost per unit remains fixed in respect of the volume of production. a.…

A: Some cost do not change with the level of activity of production.

Q: The term "relevant range" as used in cost accounting means the range over which     a. Cost…

A: Introduction: Cost Accounting: Cost Accounting is for internal users. Cost accounting is for…

Q: 1. Total variable cost is affected by changes in activity and per unit variable cost is constant

A: Total Cost Consists of  Two Components which is Fixed cost and Variable cost. The Behavior of these…

Q: The calculation to determine target cost is

A: Target costing is a cost accounting approach in which companies set targets for cost based on the…

Q: 1) Explain how standard costs are established? How do managers evaluate performance using cost…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 20. Which of the following statements is correct about variable costs?      a. Variable costs vary…

A: Introduction:- Variable costs are expenses that change when the quantity of a company's product or…

Q: Select which of the following requires a separate measurement of cost. a. Activity b. Volume c.…

A: Solution: A cost object is anything for which a separate measurement of costs is desired.

Q: Question 4: Define the following:…

A: Variable cost refers to that cost which variate with the variations in the production or sales…

Q: 28. Which of the following must be known about a production process to institute a variable costing…

A:

Q: 9. What amount should be considered product cost for external reporting purposes? 10. What is the…

A: Cost accounting is part of accounting that records cost-related transactions. It is mainly used…

Q: A cost increases or decreases in intervals as activity changes.     a. historical cost b. step cost…

A: Introduction: Fixed costs: The costs which are fixed in nature , it won't varies according to the…

Q: 17) Target costing sets prices by computing an average cost and then adding a desired markup.

A: Target costing is a method adopted by the management to determine product cost and to use such cost…

Q: carrying cost?

A: Which one of the following is a carrying cost Correct answer :-  Cost of obsolescence.

Q: 15. An income statement is prepared as an external report. Under which of the following would the…

A: Since you have asked multiple questions, we will solve the first question for you. If youwant any…

Q: 25. Which of the following costs has no relationship with the level of output? a) Semi-variable…

A: In this question, we have been asked to tell the cost, whose level of output does not have any…

Q: Question 1 On the cost-volume-profit graph, the area between the total cost line and the sales line…

A: Cost-volume-price (CVP) analysis is a way to find out how changes in variable and fixed costs affect…

Q: 96) Which of the following is correct concerning reactions to INCREASES in activity? Total Variable…

A: The variable costs are associated with the increase or decrease in the production level of the…

Q: Determine the I target cost for model J 20, assuming that the historical markup on product cost and…

A: (a) Current sale price = $575 Product cost = $460 Calculation of historical mark up % on selling…

Q: Which of the following describes the behavior of the fixed cost per unit?             Decreases…

A: Fixed cost is the cost that remains constant irrespective of the level of production. Whereas…

Q: 17. "Within the relevant range, if there is a change in the level of the cost driver, then:"…

A: Fixed cost:- Fixed cost is defined as the cost that do not change due to change in the level of…

Q: The number of production units that could have been completed within a given accounting period,…

A: Equivalent units of production - This is the computation of competed units by converting uncompleted…

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.