A cost driver is defined as: (CMA adapted)
A. a fixed cost that cannot be avoided.
B. the significant factor in developing a new product.
C. the largest cost in a manufacturing process.
D. a causal factor that increases the total cost of a cost objective.
Answer: D
You might also like to view...
Larry is the owner of an instant noodle manufacturing company. His company has created a special combination of ingredients that makes his product tastier than the ones currently existing in the market. Larry knows that this combination of ingredients cannot be easily copied. This is an example of ________.
A. sustainable competitive advantage B. bootstrap marketing C. entrepreneurial breakeven D. benchmarking
Which of the following is a reason why host-country nationals are usually hired as nonmanagerial employees in international businesses?
A. They demand lesser hardship premium than parent-country nationals. B. They are cheaper to employ than parent-country or third-country nationals. C. They do not require training and eliminate the training costs of organizations. D. They are not eligible for the provisions of international labor standards.
A computer manufacturer runs training programs for its cooperating retailers' salespeople, as well as providing newspaper advertising layouts, point-of-purchase materials, and sales manuals. This is an example of a(n)
A. vertically integrated corporate channel system. B. contractual channel system. C. administered channel system. D. traditional channel system. E. franchising system.
Wyzard Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for February. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for FebruaryRevenue $3,800$123,400Employee salaries and wages$40,000 $1,100$73,800Refurbishing materials $700$21,800Other expenses$29,700 $28,800?When the company prepared its planning budget at the beginning of February, it assumed that 37 containers would have been refurbished. However, 32 containers were actually refurbished during February.?The revenue variance in the Revenue and Spending Variances
column of a report comparing actual results to the flexible budget for February would have been closest to: A. $17,200 F B. $17,200 U C. $1,800 U D. $1,800 F