Chapter 2—Cost Terminology and Cost Behaviors MULTIPLE CHOICE 1. The term "relevant range" as used in cost accounting means the range over which a. | costs may fluctuate. | b. | cost relationships are valid. | c. | production may vary. | d. | relevant costs are incurred. | ANS: B PTS: 1 DIF: Easy OBJ: 2-2 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Measurement‚ Reporting 2. Which of the following defines variable cost behavior
Premium Costs Inventory Variable cost
occur under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on
Premium Costs Cost Net present value
Choice Questions 16. Which terms would make the following sentence true? Manufacturing companies that benefit the most from activity-based costing are those where overhead costs are a _________ percentage of total product cost and where there is ___________ diversity among the various products that they produce. A) low‚ little B) low‚ considerable C) high‚ little D) high‚ considerable 17. Would factory security and assembly activities
Premium Costs Cost accounting Activity-based costing
1.0 Company description 1.1 Brief History and Present State Eclipse Chill Drinks introduced itself in 2012 as a roadside juice selling endeavor in Dhanmondi‚ Dhaka. Initially we had two outlets with no any administrative office and all the administrative activities were conducted over the communication via phone and social media. Gradually‚ we expanded our business throughout the Dhaka City establishing as a private limited company and today we have 200 mobile retail outlets serving raw fruit juice
Premium Soft drink
QUESTIONNAIRE TO CONSUMER- 1.What is your monthly budget for consumption of drinks? Ans- Around Rs 300. 2 .Are you satisfied with the drinks available to you in the market? Ans- Yes‚ although different flavours would be appreciated‚ along with aerated fruit drinks. 3.Do you find the price range of these drinks to be appropriate?what is yan approximation of an ideal prioce? Ans- Not really. As it exceeds the budget if you generally eat out more than twice a week as is the case with most
Premium Carbonated water Soft drink Carbon dioxide
Assignment No. 2 September 23‚ 2014 Case Study: Motion Picture Industry Course: ‐Statistics Professor: Homayoun Khamooshi‚ Ph. D. Team Members: Selena El Hajji Cristina Brain Vizcarra Mandatory Integrity Document for MSPM Team Projects Cristina Brain Vizcarra: “I am satisfied that the contribution made by each team member warrants a full share of the credit for this work‚ and I affirm that I have completed this assignment in accordance with the Code of Academic Integrity
Premium Mode Standard deviation Median
1- That would be inelastic. Even though people gripe about the rising prices‚ that doesn’t stop people from stopping by the gas pumps to fill up.Elastic is more like candy bars or soda; if priced at 50 cents‚ there will be high demand‚ but if the price rises to 2 dollars‚ the demand will go down.Because there are many alternative brands for Coca Cola that have more or less the same taste. When the price of coca cola rises‚ demand decreases because consumers will find alternative brands that taste
Premium Coca-Cola Supply and demand Elasticity
health hazard! There is no nutritional value in soft drinks‚ only detrimental ingredients. They are full of sugar‚ most contain caffeine and they fill the stomach and take the place of good nutrients. Americans consume too many soft drinks and don’t drink enough of what our bodies need...Water! Not to mention the fact that they cause obesity. Soft drinks contain many unwanted particles and impurities. It also causes cancer. Soft drinks contain chemicals from Ajinomoto which are very harmful
Premium Nutrition Coca-Cola Caffeine
COST ACCOUNTING Select the one best answer for each: 1. Which one of the following would not be classified as manufacturing overhead? a. Indirect labor b. Direct materials c. Insurance on factory building d. Indirect materials 2. Prime costs of a company are $3‚000‚000‚ manufacturing overhead is $1‚500‚000 and direct labor is $750‚000. What is the amount of direct materials? a. $1‚500‚000. b. $750‚000. c. $2‚250‚000.
Premium Variable cost Costs Fixed cost
Executive Summary Competition In 2005‚ the global carbonated soft drink (CSD) market generated revenues of over $147 billion‚ all of which comes from three global powerhouse companies occupying 90% of the market. Coca-Cola‚ Pepsi‚ and Cadbury Schweppes‚ are one‚ two and three‚ respectively‚ in the very competitive CSD industry. Over past decades‚ the CSD market has been honored with record growth‚ showing consumption rates that have more than doubled over the last 25 years. Americans are consuming
Premium Coca-Cola Soft drink Pepsi