menu
Sign up

Which of the Following Cost Reduction Methods Is Not Typically

Question 53
Multiple Choice

Which of the following cost reduction methods is NOT typically used to move the actual cost to target cost? A) reverse engineering B) value analysis C) process improvement D) forward engineering

Related questions
Q 54
Which of the following statements is characteristic of target costing? A) It is a useful tool for establishing cost reduction goals for products in the design stage. B) It is the difference between the sales price needed to capture a predetermined market share and the desired per-unit gross profit. C) Target costs are internally driven. D) The principal challenge of target costing is finding the cause of the costs.
Q 55
What is target cost? A) Expected sales per unit - desired profit per unit B) Expected costs per unit - desired profit per unit C) Desired profit per unit - expected costs per unit D) Desired costs per unit - expected costs per unit
Q 56
Assume that SQ = Standard Quantity,SP = Standard Price,AQ = Actual Quantity,and AP = Actual Price.Also assume a favourable materials usage variance.Which of the following would be the journal entry and the equation to record the issuance and usage of materials? A) Work in Process SQ × SP Materials Usage Variance (AQ − SQ)SP Materials AQ × SP B) Work in Process AQ × SP Materials Usage Variance (AQ − SQ)SP Materials AQ × SP C) Work in Process AQ × AP Materials Usage Variance (AQ − SQ)SP Materials AQ × SP D) Work in Process SQ × AP Materials Usage Variance (AQ − SQ)SP Materials AQ × SP
logo
© 2020 QuizPlus. All Right Reserved