Stichworte subtracting costs

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Stichworte: subtracting costs

What is the split-off point, and why is it important in analyzing joint costs

What is the split-off point, and why is it important in analyzing joint costs

In process costing, why are costs often divided into two main classifications?

In process costing, why are costs often divided into two main classifications?

Which of the following costs are future costs that differ across alternatives?

Which of the following costs are future costs that differ across alternatives?

The costs associated with the organization’s value proposition include, for example, ________.

The costs associated with the organization’s value proposition include, for example, ________.

The markup includes desired profit and any costs not included in the base cost

The markup includes desired profit and any costs not included in the base cost

Is corrective action always necessary when actual costs are higher than standard costs

Is corrective action always necessary when actual costs are higher than standard costs

Benefits forgone (given up) by choosing one alternative over another are referred to as costs.

Benefits forgone (given up) by choosing one alternative over another are referred to as costs.

Which of the following statements is true regarding fixed and variable costs quizlet?

Which of the following statements is true regarding fixed and variable costs quizlet?

Which of the following statements is true about fixed and variable costs quizlet?

Which of the following statements is true about fixed and variable costs quizlet?

Intangible drilling costs (idcs) associated with oil and gas dpps can generally

Intangible drilling costs (idcs) associated with oil and gas dpps can generally

The combination of benefits received and costs paid by the customer is known as

The combination of benefits received and costs paid by the customer is known as

Suppose the cost function is c(q) = 50 + q − 10q2 + 2q3. what are the fixed costs?

Suppose the cost function is c(q) = 50 + q − 10q2 + 2q3. what are the fixed costs?

Which of the following costs should not be considered while making decision in the short run?

Which of the following costs should not be considered while making decision in the short run?

Which one of the following costs are charged to a product using the method of absorption costing?

Which one of the following costs are charged to a product using the method of absorption costing?

When a job is completed and the client is billed, the costs are transferred to a

When a job is completed and the client is billed, the costs are transferred to a

It is more accurate to ignore support department costs when determining product costs

It is more accurate to ignore support department costs when determining product costs

Support departments may incur both variable and fixed costs, such as salaries and wages

Support departments may incur both variable and fixed costs, such as salaries and wages

Because nonmanufacturing costs are not included as costs of a product, the use of

Because nonmanufacturing costs are not included as costs of a product, the use of

In process costing, manufacturing overhead costs are distributed to each department ______.

In process costing, manufacturing overhead costs are distributed to each department ______.

Standard costs are developed for direct materials, direct labor, and variable overhead only.

Standard costs are developed for direct materials, direct labor, and variable overhead only.

Which approach to pricing is most suitable when a company has high variable costs relative to its fixed costs quizlet?

Which approach to pricing is most suitable when a company has high variable costs relative to its fixed costs quizlet?

Internal costs that are charged to the segments of a business are called ________.

Internal costs that are charged to the segments of a business are called ________.

Are the costs of a production process that yields multiple products simultaneously?

Are the costs of a production process that yields multiple products simultaneously?

Which of the following methods can be useful to reduce service costs using Azure advisor?

Which of the following methods can be useful to reduce service costs using Azure advisor?

You calculate cash ____ by subtracting costs from benefits, or expenses from income.

You calculate cash ____ by subtracting costs from benefits, or expenses from income.

Which of the following methods of allocating support department costs is the simplest?

Which of the following methods of allocating support department costs is the simplest?

Labor specialization includes the development of specialized tools to reduce labor costs.

Labor specialization includes the development of specialized tools to reduce labor costs.

In process costing, it is unreasonable to assume uniform application of material costs.

In process costing, it is unreasonable to assume uniform application of material costs.

A situation where the level of output, scale and average costs are all rising is called

A situation where the level of output, scale and average costs are all rising is called

Costs that vary in total in direct proportion to changes in an activity level are called

Costs that vary in total in direct proportion to changes in an activity level are called

A company that allocates indirect costs using -based costing follows a two stage process.

A company that allocates indirect costs using -based costing follows a two stage process.

If there is excess capacity, the minimum acceptable price for a special order must cover:

If there is excess capacity, the minimum acceptable price for a special order must cover:

Which of the following should be ignored when making decisions multiple choice sunk costs differential costs avoidable costs incremental costs?

Which of the following should be ignored when making decisions multiple choice sunk costs differential costs avoidable costs incremental costs?

Which of the following is not relevant in deciding whether to process a joint product beyond its split off?

Which of the following is not relevant in deciding whether to process a joint product beyond its split off?

When making a decision to drop a product line or not the following costs should not be considered relevant to the decision?

When making a decision to drop a product line or not the following costs should not be considered relevant to the decision?

Which method of allocating costs would be used if the selling prices of all products at the split

Which method of allocating costs would be used if the selling prices of all products at the split

Which of the following costs at a manufacturing company would be treated as a product cost under both absorption costing and variable costing quizlet?

Which of the following costs at a manufacturing company would be treated as a product cost under both absorption costing and variable costing quizlet?

What is the term for the amount of money the insured person plays out of pocket before the insurance plan assists with the costs of healthcare services?

What is the term for the amount of money the insured person plays out of pocket before the insurance plan assists with the costs of healthcare services?

Which inventory costing method most closely approximates recent costs for ending inventory and cost of goods sold respectively?

Which inventory costing method most closely approximates recent costs for ending inventory and cost of goods sold respectively?

Which of the following costs are not considered in a differential analysis for a make or buy decision?

Which of the following costs are not considered in a differential analysis for a make or buy decision?

Work is performed on products, and materials, labor, or overhead costs are added to products in a(n)

Work is performed on products, and materials, labor, or overhead costs are added to products in a(n)

The basis for recording direct and indirect labor costs incurred is a summary of the periods

The basis for recording direct and indirect labor costs incurred is a summary of the periods

Which of the following inventory valuation approaches treats nonmanufacturing costs as period costs

Which of the following inventory valuation approaches treats nonmanufacturing costs as period costs

When all fixed manufacturing costs and variable manufacturing costs are included as Inventoriable costs?

When all fixed manufacturing costs and variable manufacturing costs are included as Inventoriable costs?

What is (are) used in activity-based absorption costing to assign overhead costs to products?

What is (are) used in activity-based absorption costing to assign overhead costs to products?

In which costing technique are all the manufacturing costs variable or fixed included in determining the cost of the product?

In which costing technique are all the manufacturing costs variable or fixed included in determining the cost of the product?

Which of the following costs should be limited in internal reports prepared using the responsibility accounting approach?

Which of the following costs should be limited in internal reports prepared using the responsibility accounting approach?

When two organizations pool markets and expertise that result in lower costs and generate profits they are creating group of answer choices?

When two organizations pool markets and expertise that result in lower costs and generate profits they are creating group of answer choices?

Which of the following conditions normally would not indicate that standard costs should be revised?

Which of the following conditions normally would not indicate that standard costs should be revised?

The objective of _____ is to gather data about project usability, costs, benefits, and schedules

The objective of _____ is to gather data about project usability, costs, benefits, and schedules

Why is choosing the correct cost driver to estimate indirect manufacturing costs important?

Why is choosing the correct cost driver to estimate indirect manufacturing costs important?

What is the name of the technique used to shorten the overall length of a project that usually involves a tradeoff between time and costs?

What is the name of the technique used to shorten the overall length of a project that usually involves a tradeoff between time and costs?

Costs represent other sources of sacrifice perceived by consumers when buying and using a service.

Costs represent other sources of sacrifice perceived by consumers when buying and using a service.

Which of the following best describes the term used to assign indirect costs to a cost object?

Which of the following best describes the term used to assign indirect costs to a cost object?

Direct materials and direct labor costs are examples of variable costs of production. true false

Direct materials and direct labor costs are examples of variable costs of production. true false

Which of the following best describes the relationship between fixed costs per unit and variable costs per unit as total volume increases?

Which of the following best describes the relationship between fixed costs per unit and variable costs per unit as total volume increases?

In which of the following contracts does the buyer pay the supplier for allowable performance costs along with a predetermined percentage based on total costs?

In which of the following contracts does the buyer pay the supplier for allowable performance costs along with a predetermined percentage based on total costs?

Which of the following contract type involves payment to the supplier for direct and indirect actual costs?

Which of the following contract type involves payment to the supplier for direct and indirect actual costs?

A company usually prepares a budget for nonmanufacturing costs after preparing all operating budgets

A company usually prepares a budget for nonmanufacturing costs after preparing all operating budgets

The costs of producing, distributing and promoting the product will all influence the products:

The costs of producing, distributing and promoting the product will all influence the products:

When healthcare providers charge more than full costs to one set of patients and less than full cost to another set of patients that is known as?

When healthcare providers charge more than full costs to one set of patients and less than full cost to another set of patients that is known as?

In calculating the life cycle costs of a product which of the following items would be included

In calculating the life cycle costs of a product which of the following items would be included

Involves simplifying shrinking, or downsizing an organizations operation to lower operating costs.

Involves simplifying shrinking, or downsizing an organizations operation to lower operating costs.

Which of the term represent the result of subtracting the project costs from the benefits and then dividing by the costs?

Which of the term represent the result of subtracting the project costs from the benefits and then dividing by the costs?

Which of the following statements about the characteristics and costs of useful information is true

Which of the following statements about the characteristics and costs of useful information is true

Allows a user to plan, schedule, track, and analyze the events, resources, and costs of a project

Allows a user to plan, schedule, track, and analyze the events, resources, and costs of a project

When two Organisations pool markets and expertise which results in lower costs and generates profits they are creating?

When two Organisations pool markets and expertise which results in lower costs and generates profits they are creating?

When the output of some units in a firm can be used as inputs to other units Answer develop which can lower costs and generate profits?

When the output of some units in a firm can be used as inputs to other units Answer develop which can lower costs and generate profits?

Which financial statement reports the companys revenues and selling costs over a period of time?

Which financial statement reports the companys revenues and selling costs over a period of time?