When the producer delivers the policy, all of the following should be explained EXCEPT? Select one: a. exclusions b. riders C. actuarial calculations d. rating classification X

Q: When pricing products and using cost-plus pricing, which type of cost is perceived to be the safest…

A: In absorption costing , fixed manufacturing overhead will be included in stock valuation where as in…

Q: Which of the following describe the relevant information for decision making: Select one: O a. Help…

A: SOLUTION- Relevant information includes costs and benefits that differ among the alternatives.…

Q: Managers in which of the following responsibility centers are held responsible forprofits? (You may…

A: C. Profit centers is the answer

Q: In a management setting, does Transfer Pricing affects the previous topics - Absorption & Variable,…

A: Transfer pricing is the strategy which is adopted by the company in order to charge the amount for…

Q: Which of the statement is not a true reflection of Target cost gap ?   The target cost gap =…

A: target costing is the way in which deriving of a target cost is done to set the production manager…

Q: Which of the following is NOT true about the cause-and-effect criterion when estimating a cost…

A: The cause and effect analysis is one of the factors for making cost allocation decisions. The cost…

Q: A quantitative analysis enables a decision maker to put a “price” on the sum total of the…

A: Definition: Quantitative analysis: A quantitative analysis focuses on the factors in a decision…

Q: ?Which of the following statements related to cost estimation methods is true

A: Cost estimation can be defined as an approach under the project management. It is the costing…

Q: Information in a company’s first IFRS statements must: a.    have a cost that does not exceed the…

A: Definition:   International Financial Reporting Standards (IFRS): IFRS is a set of international…

Q: Why might goal-congruence issues arise when managers use an EOQ model to guide decisions on how much…

A:

Q: n be obtained from this rating?

A: Given: To analyse the cost classification with the benefits as follows,

Q: When standard costs are used in applying the cost-plus approach to product pricing, the standards…

A: False No, the standards should not be based upon normal levels of performance.

Q: “Relevant costs for pricing decisions are full costs of the product.” Do you agree? Explain.

A: Pricing Decisions:Pricing decisions are those decisions that are related to ascertain the price of a…

Q: Determining the best approach to pricing requires a cost-benefit trade-off. Explain.

A: The best approach to pricing requires the cost benefit trade-off is explained as below, The Best…

Q: With respect to Pricing decision in Cost Accounting, state any 4 situations where pricing below…

A: Pricing decision plays an important role in an product sales and growth where the price of the…

Q: What questions should managers answer when considering special pricing orders?

A: Definition:   Special Pricing: When businesses get Special orders from its customers for bulk…

Q: 1- When is a revenue or cost item relevant for a particular decision?

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Which of the following statements best describes a profit center?a. The responsibility for combining…

A: The profit center affects the major profit decisions of the authority that includes the choosing…

Q: What assumptions are made when using the simplest version of the economic-order-quantity (EOQ)…

A:

Q: A market order has:a. Price uncertainty but not execution uncertainty.b. Both price uncertainty and…

A: A market order is an order to buy or sell a stock at the best available price, to be executed…

Q: Describe and apply the lower-of-cost-or-market rule.

A: Cost:   It is the economic value incurred by an organization to produce a product or render a…

Q: Write the general formula for cost-plus pricing, and briefly explain its use.

A: Cost-plus pricing: It can be defined as the pricing strategy which includes the determination of the…

Q: Identify and explain the managerial accountant’s primary objective in choosing a transfer-pricing…

A: Return on investment (ROI): Return on investment evaluates how efficiently the assets are used in…

Q: Identify and discuss arguments that individual product managers may put forward to support their…

A: Preferred Revenue Allocation method is a revenue allocation method in which managers in charge of…

Q: Which of the following material issue pricing method follows only on the average purchasing price of…

A: The average price is taken in weighted and simple average price method.

Q: relevant (differential) revenues and relevant (differential) costs

A: Relevant revenues and relevant costs are two terms used in evaluating the acceptance of special…

Q: Which of the following is not part of managerial accounting? Select one: O A reporting financial…

A: The accounting is a process to identify the business transactions, record the transactions and…

Q: Conceptually, how would you evaluate a quantity discount offerfrom a supplier?

A:

Q: evaluated only on ROI.

A: ROI is the return on investment made by entity.

Q: Classify the performance measures below into the most likely balanced scorecard perspective towhich…

A: Definition: Balance Scorecard is used in strategic management to measure the performance by…

Q: Which responsibility center's manager would be most concerned about the segment's return on…

A: the responsible center is the organizational unit that is being headed by the manager. generally, a…

Q: Does the information provided by activity-based pricing serve its intended purpose? Include specific…

A: The costing and monitoring of activities and the pricing of outcomes are done using movement-based…

Q: Compute It can use ABC information for what decisions? Cost-cutting Pricing Product mix Items a, b,…

A: Activity based costing: Activity based costing is a costing method used by the company to assign the…

Q: What are relevant revenues and cost delays? 2- How do managers use financial and nonfinancial…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: Which of the following is not a characteristic of the strategic planning process? a. emphasis on…

A: Strategic planning process is determined by the top level managers to identify the objective of the…

Q: Explain the following assertion: “Price setting generally requires a balance between market forces…

A: Businesses have to make a lot of decisions in running a business one of which is price setting. They…

Q: Define ‘control’ and state what would be the acceptable indicators for the transfer of control from…

A: Control of an asset is defined as the ability to direct the use of and obtain substantially all of…

Q: Give two examples of nonfinancial measures of customer satisfaction relating to quality

A: Non Financial measures are the quantitative numbers on which you cant assign any monetary value but…

Q: Can you explain the comparables method?( Must include how it works , key factors ,how we determine…

A: Comparable Method or comparable company analysis (CCA) is referred to as the procedures for…