Target Costing
Other
5th - 6th Grade
Used 10+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a benefit of Target Costing?
Reduces costs, through more effective and efficient design
Increase communication & cooperation among departments
Helps firm to achieve desired profitability on new or redesigned products
Optimises number of direct labour needed in producing a good/service
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the formula for profit margin?
Sales Revenue / Profit
Profit / COGS
Profit / Sales Revenue
COGS / Profit
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why would full life cycle costing be chosen over full manufacturing costing?
To allow easy markup using industry price, judgment or a desired level of profit.
Advantageous as all costs are included, so that markup is directly tied to desired level of profit
Simpler method for firms with high R&D and distribution costs
A more transparent method of calculating COGS
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a phase in the Sales Life Cycle?
Decline
Growth
Pivoting
Maturity
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What date is the second day of Chinese New Year 2017?
January 27
January 28
January 29
January 30
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