Q.1
Target price is subtracted from per unit target operating income to calculate
Q.2
In customer cost hierarchy, costs of those activities that cannot be traced to distribution channels or individual customers are called
Q.3
If an actual result in static budget is $2500 and corresponding budgeted amount is $2200, then static budget variance will be
Q.4
An analysis and reporting of revenues earned, and incurred costs to earn these revenues from customers is classified as
Q.5
Cost of particular cost object which cannot be traced in economically plausible way is termed as
Q.6
Major approaches to make decisions about pricing include
Q.7
Practice of seller to charge higher price for same market offering is classified as
Q.8
An example of quantitative factor is
Q.9
For increasing sales, decrease in selling price below selling price list is known as
Q.10
Customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as
Q.11
Difference between static budget amount and flexible budget amount is named as
Q.12
Corporate sustaining costs and distribution channel costs are also classified as
Q.13
In customer cost hierarchy, costs of all activities incurred to sell group of units to end consumers are classified as
Q.14
If cost is eliminated, then reducing perceived usefulness that customers can obtain by using market offering will come under
Q.15
If total production is 25000 units and target annual operating income is $300000 then target operating income per unit would be
Q.16
Difference between corresponding static budget and flexible budget amount is called
Q.17
Difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called
Q.18
Contribution margin is divided to operate income to calculate
Q.19
If total units of product A, B and C are as 200,300 and 400 respectively then sales mix would be
Q.20
Formula to calculate contribution margin is
Q.21
Selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of
Q.22
In customer cost hierarchy, costs of individual customer support activities are classified as
Q.23
Pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as
Q.24
Division of all costs related to customers on basis of different cost allocation bases or cost drivers is called
Q.25
In customer cost hierarchy, costs of all incurred activities to sell a unit of product are classified as
Q.26
If budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then sales mix variance will be
Q.27
In corporate costs, cost incurred to finance construction of new equipment are classified as
Q.28
If an actual result is $5500 and corresponding amount of flexible budget on basis of actual level of output is $3500, then flexible budget variance will be
Q.29
Costs that are planned in future and has not been incurred are known as
Q.30
In cost accounting, financial way of charging price for product above cost, of acquiring or producing goods is known as
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