Exercise 19.1

a. Can be eliminated without changing a product's desirability in the eyes of consumers. b. The focus of this costing method is to assign manufacturing costs to final products. c. The process of determining the least costly combination of resources needed to create a product desired by customers. d. This method considers all costs borne by the consumer from purchase to disposal of a product. e. If eliminated, the product's desirability to consumers is decreased. f. The process of using activity-based costs to help reduce and eliminate non-value-added activities. g. A method in which a product's selling price is determined by adding a fixed amount to the product's current production cost. h. An approach that explicitly monitors quality costs and rewards quality-enhancing behavior. i. An important aspect of this method is the reduction of unnecessary inventories. Exercise 19.1 a. b. c. d. e. f. g. h. i. Exercise 19.1 a. b. Activity-based management c. Just-in-time manufacturing system e. Life-cycle costing f. None g. Non-value-added activity i. Total quality management Ad Value engineering Value-added activity