Characteristics that job order costing and process costing have in common include all of the following except:
a. The use of predetermined factory overhead rates.
b. Each can be used by service firms.
c. The costs of materials and labor are charged to the departments where they are incurred.
d. The primary objective is to complete a unit cost for products.
c
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Break-even analysis is useful because it allows managers to
A. determine the relationship between price and quantity demanded. B. estimate the quantity they will need to sell at a given price to break even. C. analyze the different elements contributing to their variable costs. D. reposition products based on their break-even positioning revenue. E. quantify the relationship between price elasticity and product elasticity.
Strategic cost management is:
A. the process of managing cost relationships to the firm's advantage. B. the process of determining cost drivers. C. the recognition of the importance of cost relationships among the activities in the value chain. D. cost-causing factors. E. two of the answers are correct.
Lean warehousing may involve all of the following capabilities EXCEPT this:
a. Greater emphasis on crossdocking b. Reduced lot sizes and shipping quantities c. Increased assembly operations d. Decreased use of automation
A ________ is a keyword or term given to a piece of data by its creator
A) keylogger B) botnet C) cookie D) tag