BEC Decision Making Review 5

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Joens1313
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300740
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BEC Decision Making Review 5
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2015-04-13 23:12:21
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BEC Decision Making Review
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BEC Decision Making Review 5
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  1. What are the three types of product pricing?

    1. ---------------------
    2. cost plus pricing
    3. Predatory Pricing
    • 1. Contribution Margin Approach
    • 2. cost plus pricing
    • 3. Predatory Pricing
  2. What are the three types of product pricing?

    1. Contribution Margin Approach
    2. ------------------------
    3. Predatory Pricing
    • 1. Contribution Margin Approach
    • 2. cost plus pricing
    • 3. Predatory Pricing
  3. What are the three types of product pricing?

    1. Contribution Margin Approach
    2. cost plus pricing
    3. ------------------------
    • 1. Contribution Margin Approach
    • 2. cost plus pricing
    • 3. Predatory Pricing
  4. What are the three types of product pricing?

    1. -----------------------------
    2. ----------------------
    3. ---------------------
    • 1. Contribution Margin Approach
    • 2. cost plus pricing
    • 3. Predatory Pricing
  5. what is contribution margin approach?
    The contribution margin approach is when product pricing is based upon all relevant variable costs plus any additional fixed costs necessary for the increased production level.
  6. The --------------------- approach is when product pricing is based upon all relevant variable costs plus any additional fixed costs necessary for the increased production level.
    The contribution margin approach is when product pricing is based upon all relevant variable costs plus any additional fixed costs necessary for the increased production level.
  7. What is costs plus pricing?
    cost plus pricing is the method where you take the products cost and add a predetermined markup co compute the targeted selling price.
  8. ------------------ is the method where you take the products cost and add a predetermined markup co compute the targeted selling price.
    cost plus pricing is the method where you take the products cost and add a predetermined markup co compute the targeted selling price.
  9. What is direct costing?
    Direct costing is an inventory method whereby direct materials, direct labor and variable manufacturing overhead are considered to be product costs while fixed manufacturing overhead is considered to be a period cost.
  10. ----------------- is an inventory method whereby direct materials, direct labor and variable manufacturing overhead are considered to be product costs while fixed manufacturing overhead is considered to be a period cost.
    Direct costing is an inventory method whereby direct materials, direct labor and variable manufacturing overhead are considered to be product costs while fixed manufacturing overhead is considered to be a period cost.
  11. under ---------------------, only variable manufacturing costs are included in inventory.
    under direct costing, only variable manufacturing costs are included in inventory.
  12. Under --------------------- the income statement subtracts all variable expenses from sales to arrive at contribution margin.
    Under direct costing the income statement subtracts all variable expenses from sales to arrive at contribution margin.
  13. ------------------ is used for internal reporting only.
    Direct costing is used for internal reporting only.
  14. For --------------------, the costs to be inventoried include only the variable manufacturing costs.  Fixed manufacturing overhead is expensed as incurred as a period cost, along with all selling and administrative costs.
    For direct costing, the costs to be inventoried include only the variable manufacturing costs.  Fixed manufacturing overhead is expensed as incurred as a period cost, along with all selling and administrative costs.
  15. For direct costing, the costs to be inventoried include only the ------------------------- costs.  Fixed manufacturing overhead is expensed as incurred as a period cost, along with all selling and administrative costs.
    For direct costing, the costs to be inventoried include only the variable manufacturing costs.  Fixed manufacturing overhead is expensed as incurred as a period cost, along with all selling and administrative costs.
  16. For direct costing, the costs to be inventoried include only the variable manufacturing costs.  Fixed manufacturing overhead is ------------------ as incurred as a period cost, along with all selling and administrative costs.
    For direct costing, the costs to be inventoried include only the variable manufacturing costs.  Fixed manufacturing overhead is expensed as incurred as a period cost, along with all selling and administrative costs.
  17. -------------------------- is the costs to be inventoried include all manufacturing costs both variable and fixed.
    Absorption costing is the costs to be inventoried include all manufacturing costs both variable and fixed.
  18. Under --------------------- income tends to move with sales, where as under ------------------, income may be influenced by production levels.
    Under direct costing income tends to move with sales, where as under absorption costing, income may be influenced by production levels.
  19. Under direct costing income tends to move with -------------, where as under absorption costing, income may be influenced by --------------------- levels.
    Under direct costing income tends to move with sales, where as under absorption costing, income may be influenced by production levels.

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