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·

1. Examples
of value-adding activities include all of the following except:

Answer

·
Question 2
5 out of 5 points

2. Target costing is
directed toward:

Answer

·
Question 3
5 out of 5 points

3. Which of the
following is not a prevention cost?

.
Answer

·
Question 4
5 out of 5 points

4. All of the
following are components of the value chain except

Answer

·
Question 5
5 out of 5 points

5. An effective JIT
system will include

Answer

·
Question 6
5 out of 5 points

6. Which of the
following are considered value added activities by a manufacturer of
chocolate candies?

Answer

·
Question 7
5 out of 5 points

Use the following to answer questions 7-9:
Tech Products, Inc. is interested in producing
and selling an improved widget. Market
research indicates that customers would be willing to pay $95 for such a
widget and that 50,000 units could be sold each year at this price. The current cost to produce the
widget is estimated to be $60.
7. Refer to the
information above. If Tech Products requires a 25% return on sales to
undertake production, what is the target cost for the new widget?

Answer

·
Question 8
5 out of 5 points

8. Refer to the
information above. Tech has learned that a competitor plans to introduce a
similar widget at a price of $85. If
Tech requires a 25% return on sales, what is the target cost for the new
widget?

Answer

·
Question 9
5 out of 5 points

9. Refer to the
information above. At a price of $85, Tech’s market research indicates that
it can sell 40,000 units per year. Assuming
Tech can reach its new target cost, how will Tech’s profit at the $85 price
compare to what it would have earned in the absence of the competitor’s
product?

Answer

·
Question 10
5 out of 5 points

10. The manufacturing efficiency ratio equals
Answer

·
Question 11
5 out of 5 points

11. The following are all characteristics of
target costing EXCEPT:
Answer

·
Question 12
5 out of 5 points

12. External failure costs include:
Answer

·
Question 13
5 out of 5 points

Refer to the following to answer questions 13 –
15:
Company X has developed a new light for lighting swimming pools. After
doing market research, they have determined that customers would be willing
to pay $140 for this light. Company X seeks to earn 25% profit on the light.
At present Company X makes a similar style light for $101.25 which sells for
$130.
13. What must the target cost be in order to earn the 25% profit the
company demands?
Answer

·
Question 14
0 out of 5 points

14. If Company X can adjust their costs to the
target cost, they estimate that they can sell 50,000 lights. What would their
profit be at this point?
Answer

·
Question 15
5 out of 5 points

15. How many of the old style lights would they
have to sell to reach the same profit?
Answer

·

1. Examples
of value-adding activities include all of the following except:

Answer

·
Question 2
5 out of 5 points

2. Target costing is
directed toward:

Answer

·
Question 3
5 out of 5 points

3. Which of the
following is not a prevention cost?

.
Answer

·
Question 4
5 out of 5 points

4. All of the
following are components of the value chain except

Answer

·
Question 5
5 out of 5 points

5. An effective JIT
system will include

Answer

·
Question 6
5 out of 5 points

6. Which of the
following are considered value added activities by a manufacturer of
chocolate candies?

Answer

·
Question 7
5 out of 5 points

Use the following to answer questions 7-9:
Tech Products, Inc. is interested in producing
and selling an improved widget. Market
research indicates that customers would be willing to pay $95 for such a
widget and that 50,000 units could be sold each year at this price. The current cost to produce the
widget is estimated to be $60.
7. Refer to the
information above. If Tech Products requires a 25% return on sales to
undertake production, what is the target cost for the new widget?

Answer

·
Question 8
5 out of 5 points

8. Refer to the
information above. Tech has learned that a competitor plans to introduce a
similar widget at a price of $85. If
Tech requires a 25% return on sales, what is the target cost for the new
widget?

Answer

·
Question 9
5 out of 5 points

9. Refer to the
information above. At a price of $85, Tech’s market research indicates that
it can sell 40,000 units per year. Assuming
Tech can reach its new target cost, how will Tech’s profit at the $85 price
compare to what it would have earned in the absence of the competitor’s
product?

Answer

·
Question 10
5 out of 5 points

10. The manufacturing efficiency ratio equals
Answer

·
Question 11
5 out of 5 points

11. The following are all characteristics of
target costing EXCEPT:
Answer

·
Question 12
5 out of 5 points

12. External failure costs include:
Answer

·
Question 13
5 out of 5 points

Refer to the following to answer questions 13 –
15:
Company X has developed a new light for lighting swimming pools. After
doing market research, they have determined that customers would be willing
to pay $140 for this light. Company X seeks to earn 25% profit on the light.
At present Company X makes a similar style light for $101.25 which sells for
$130.
13. What must the target cost be in order to earn the 25% profit the
company demands?
Answer

·
Question 14
0 out of 5 points

14. If Company X can adjust their costs to the
target cost, they estimate that they can sell 50,000 lights. What would their
profit be at this point?
Answer

·
Question 15
5 out of 5 points

15. How many of the old style lights would they
have to sell to reach the same profit?
Answer

·

1. Examples
of value-adding activities include all of the following except:

Answer

·
Question 2
5 out of 5 points

2. Target costing is
directed toward:

Answer

·
Question 3
5 out of 5 points

3. Which of the
following is not a prevention cost?

.
Answer

·
Question 4
5 out of 5 points

4. All of the
following are components of the value chain except

Answer

·
Question 5
5 out of 5 points

5. An effective JIT
system will include

Answer

·
Question 6
5 out of 5 points

6. Which of the
following are considered value added activities by a manufacturer of
chocolate candies?

Answer

·
Question 7
5 out of 5 points

Use the following to answer questions 7-9:
Tech Products, Inc. is interested in producing
and selling an improved widget. Market
research indicates that customers would be willing to pay $95 for such a
widget and that 50,000 units could be sold each year at this price. The current cost to produce the
widget is estimated to be $60.
7. Refer to the
information above. If Tech Products requires a 25% return on sales to
undertake production, what is the target cost for the new widget?

Answer

·
Question 8
5 out of 5 points

8. Refer to the
information above. Tech has learned that a competitor plans to introduce a
similar widget at a price of $85. If
Tech requires a 25% return on sales, what is the target cost for the new
widget?

Answer

·
Question 9
5 out of 5 points

9. Refer to the
information above. At a price of $85, Tech’s market research indicates that
it can sell 40,000 units per year. Assuming
Tech can reach its new target cost, how will Tech’s profit at the $85 price
compare to what it would have earned in the absence of the competitor’s
product?

Answer

·
Question 10
5 out of 5 points

10. The manufacturing efficiency ratio equals
Answer

·
Question 11
5 out of 5 points

11. The following are all characteristics of
target costing EXCEPT:
Answer

·
Question 12
5 out of 5 points

12. External failure costs include:
Answer

·
Question 13
5 out of 5 points

Refer to the following to answer questions 13 –
15:
Company X has developed a new light for lighting swimming pools. After
doing market research, they have determined that customers would be willing
to pay $140 for this light. Company X seeks to earn 25% profit on the light.
At present Company X makes a similar style light for $101.25 which sells for
$130.
13. What must the target cost be in order to earn the 25% profit the
company demands?
Answer

·
Question 14
0 out of 5 points

14. If Company X can adjust their costs to the
target cost, they estimate that they can sell 50,000 lights. What would their
profit be at this point?
Answer

·
Question 15
5 out of 5 points

15. How many of the old style lights would they
have to sell to reach the same profit?
Answer

·

1. Examples
of value-adding activities include all of the following except:


Answer

·
Question 2
5 out of 5 points



2. Target costing is
directed toward:


Answer

·
Question 3
5 out of 5 points



3. Which of the
following is not a prevention cost?


.
Answer


·
Question 4
5 out of 5 points



4. All of the
following are components of the value chain except


Answer

·
Question 5
5 out of 5 points



5. An effective JIT
system will include


Answer

·
Question 6
5 out of 5 points



6. Which of the
following are considered value added activities by a manufacturer of
chocolate candies?



Answer

·
Question 7
5 out of 5 points



Use the following to answer questions 7-9:
Tech Products, Inc. is interested in producing
and selling an improved widget. Market
research indicates that customers would be willing to pay $95 for such a
widget and that 50,000 units could be sold each year at this price. The current cost to produce the
widget is estimated to be $60.
7. Refer to the
information above. If Tech Products requires a 25% return on sales to
undertake production, what is the target cost for the new widget?









Answer

·
Question 8
5 out of 5 points



8. Refer to the
information above. Tech has learned that a competitor plans to introduce a
similar widget at a price of $85. If
Tech requires a 25% return on sales, what is the target cost for the new
widget?





Answer

·
Question 9
5 out of 5 points



9. Refer to the
information above. At a price of $85, Tech’s market research indicates that
it can sell 40,000 units per year. Assuming
Tech can reach its new target cost, how will Tech’s profit at the $85 price
compare to what it would have earned in the absence of the competitor’s
product?






Answer

·
Question 10
5 out of 5 points



10. The manufacturing efficiency ratio equals
Answer


·
Question 11
5 out of 5 points



11. The following are all characteristics of
target costing EXCEPT:
Answer



·
Question 12
5 out of 5 points



12. External failure costs include:
Answer


·
Question 13
5 out of 5 points



Refer to the following to answer questions 13 –
15:
Company X has developed a new light for lighting swimming pools. After
doing market research, they have determined that customers would be willing
to pay $140 for this light. Company X seeks to earn 25% profit on the light.
At present Company X makes a similar style light for $101.25 which sells for
$130.
13. What must the target cost be in order to earn the 25% profit the
company demands?
Answer










·
Question 14
0 out of 5 points



14. If Company X can adjust their costs to the
target cost, they estimate that they can sell 50,000 lights. What would their
profit be at this point?
Answer




·
Question 15
5 out of 5 points



15. How many of the old style lights would they
have to sell to reach the same profit?
Answer



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