6. Decisions to replace usable fixed assets should be based on relevant costs. The relevant costs for a decision of this type are the replacement costs and the .....................................................................................................
7. The law that prohibits price discrimination within the United States, unless differences in prices can be justified by different costs of serving different customers, is the...............................................................................
8. A net cash outlay of $600,000 for a new piece of equipment could alternatively be invested to earn 8%. The $48,000 forgone by not investing the funds is called...........................................................................
9-11. The three cost concepts used in applying the cost-plus approach to setting normal product prices are:
9. .............................................................................................................................
10. .............................................................................................................................
11. .............................................................................................................................
12. A cost concept, pioneered by the Japanese, that assumes that the selling price is set by the marketplace is the ..............................................
13. The term used to describe a situation when the demand for a company