Q1) Can someone please explain a time when you have gone to a store to purchase a loss leader and the additional products that you have purchased based on that shopping trip.

Q2) When doing the time and materials pricing, how do you calculate the total materials loading bill to determine what your parts mark up should be, before considering profit

Practice Answer Options:

a) all the parts department expenses, less the invoice cost of parts used or;

b) all the parts department expenses, including the invoice cost of parts used.

Q3) What is useful resource like an article or video that helps explain the concept of Variable Costing? Why is it a great resource?

Please help. take your time. will give good feedback!

Q1 is about pricing of products and services in managerial accounting!