The systematic evaluation of value chain, to reduce costs and high quality, to achieve satisfied customers is known as __________?
A. reverse engineering B. value engineering C. target engineering D. operation engineering
Accounting MCQs with Answers
The practice of seller to charge higher price for same market offering is classified as __________?
A. peak-load pricing B. elastic pricing C. elastic demand D. inelastic demand
The process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called ___________?
A. outsource engineering B. reverse engineering C. target engineering D. off shore engineering
The product costing technique in which markup component is added into cost base, to set a target price is known as __________?
A. market based approach B. cost incurrence pricing C. cost plus pricing D. locked-in cost pricing
In cost-plus pricing, the ‘plus’ refers to a component named as ___________?
A. off shore cost B. markup C. sunk cost D. outsource cost
The contribution margin per unit is $500 per unit and the breakeven per unit is $35, then the fixed cost would be ___________?
A. $13,500 B. $14,280 C. $18,500 D. $17,500
In the process of examining, occurred changes in total revenues, operating income and costs is known as _____________?
A. revenue analysis B. costs analysis C. operating income analysis D. cost volume profit analysis
If the contribution per unit is $900 and the number of units sold is $70, then the contribution margin will be _____________?
A. $97,000 B. $83,000 C. $63,000 D. $12,860
If the total revenue is $10000 and the total variable cost is $4000, then the contribution margin would be ___________?
A. $25,000 B. $14,000 C. $6,000 D. $8,400
If the contribution margin per unit is $1000 and the contribution margin percentage is 25%, then the selling price would be ____________?
A. $2,500 B. $4,000 C. $3,800 D. $3,800