Hello professor, Can you help me with these multiples choice question? No explanation needed. Thank you for your help!

Question 11 (1 point)

4) Listen

Under a standard cost system, the material price variances are usually the responsibility of the:

production manager.

sales manager.

purchasing manager.

engineering manager.

12. Which of the following is one of the advantages to the target costing approach?

In the target costing approach, costs are fully known before the product is designed.

There is usually a higher level of cost-consciousness in the target costing approach than in the cost-plus approach.

The target costing approach often leads to higher levels of features included that some customers may want.

The target costing approach can be completed by marketing department personnel without involving others in the process.

13. Tolar Company has 400 obsolete desk calculators that are carried in inventory at a total cost of $26,800. If these calculators are upgraded at a total cost of $10,000, they can be sold for a total of $30,000. As an alternative, the calculators can be sold in their present condition for $11,200. The sunk cost in this situation is:

Listen

$0.

$10,000.

$11,200.

$26,800.

Question 14(1 point)

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Because of production scheduling materials needed to be purchased at the last-minute leading to a higher price. Under a standard cost system, the unfavourable material price variance would be the responsibility of the:

production manager.

sales manager.

purchasing manager.

engineering manager.

15. A company with $800,000 in operating assets is considering the purchase of a machine that costs $75,000 and which is expected to reduce operating costs by $20,000 each year. The payback period for this machine in years is closest to:

Listen

0.27 years.

3.75 years.

10.7 years.

40 years.