A(n) _____________ is the minimum cost that can be incurred, which when subtracted from the selling price,

Fantastic news! We've Found the answer you've been seeking!

Question:

A(n) _____________ is the minimum cost that can be incurred, which when subtracted from the selling price, allows for a desired profit to be earned.

relevant cost
opportunity cost
incremental cost
target cost

Related Book For answer-question

Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

See More Books

Posted Date: Feb 02, 2024 04:33 AM

See More Questions

Following are important terms described in Chapter 8: a. Post-audit b. Incremental analysis c. Total quality management d. Inspection point e. Avoidable cost f. Split-off point g. Relevant costs h....
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
It happens all too often. As a market researcher, you slave away for countless hours in pursuit of insightful data but, to your shock, your research report flops and your data are dead in the water....
If you were going to apply statistical methods to analyze teacher evaluations, which question form, A or B, would be better? Form A: In your own words, tell how this teacher compares with other...
In Example 2, change the + before the 7x 2 to and then solve the equation. Data from Example 2 Solve the equation 2x 4 + 7x 2 = 4. We first let y = x 2 to write the equation in quadratic form. We...
True or False: If $E R R>M A R R$, then MIRR $>$ MARR.
The following transactions were completed by The Irvine Company during the current fiscal year ended December 31: Feb. 8. Received 40% of the $18,000 balance owed by DeCoy Co., a bankrupt business,...
Knowing the specific heat of ice and water is 2.05KJ/kg o C and 4.18kJ/kgC. What is the heat needed to change 2kg of ice at -20 C into 100 C water?
In this mini-case, you will complete the test of details on accounts receivable for the 2019 audit of EarthWear Clothiers, Inc. The principal test of detail involves sending "confirmations" or...
Workhorse Limited is incorporated in the UK, and trades through, a permanent establishment in the country of Zakusia. It has UK taxable trading profits of 800,000 for the year ended 31 st June 2020...
An investor wants to form a two asset portfolio with proportion y of available funds invested in a risky portfolio with an expected return of 11% and a standard deviation of 15% and the remaining...
Rory is an accountant who frequently uses spreadsheets to create expense reports and budgets. She is training a new administrative assistant to help her enter data into spreadsheets, but as she is...
Suppose you are an investor and is considering depositing $20,000 initially and making monthly contributions of $250 per month, the first contribution will be one month from today into investment. If...
If a taxpayer filed his or her return on April 15, 2021, the due date for the return that year, paid $100 with the return, and then determined the amount of tax was overpaid, he or she has until what...
What is the present value in year 1 of $587251787 in year 24, discounted at 1.00%? Enter your answer rounded to the nearest dollar, without the "$". Your employer promises to pay you a $68769 bonus...
In the Bohr model of the hydrogen atom, the electron is in orbit about the nuclear proton at a radius of 5.29 x 10 -11 m. Determine the speed of the electron, assuming a circular orbit.
An educational researcher devised a wooden toy assembly project to test learning in 6-year-olds. The time in seconds to assemble the project was noted, and the toy was disassembled out of the childs...
Discuss whether operational or nonfinancial data should be considered in the budgeting process.
For retailers and service companies, product costs are variable and period costs are fixed. As such, retailers and service companies do not need to break down costs into variable and fixed costs. Do...
What is meant by the cost-benefit constraint when developing managerial accounting systems?
For each of the following studies, identify the type of graph (histogram, time series graph, or scatter diagram) that would be the most appropriate. (You can use more than one graph of each type, for...
Use the data in Table 1.4 to make a histogram of the U.S. dollar prices of a Big Mac in these 20 countries. Use these intervals for the prices: 13, 34, 45, 58. United States Argentina Australia Big...
For each of the following studies, identify the type of graph (histogram, time series graph, or scatter diagram) that would be the most appropriate. (You can use more than one graph of each type, for...

A(n) _____________ is the minimum cost that can be incurred, which when subtracted from the selling price,

Question:

Expert Answer:

The detailed answer for the above question is provided below The correct answer is target cos... View the full answer

Managerial Accounting

Students also viewed these accounting questions