Font size
WorksheetsQuiz 1 Pricing and Costing
Total questions: 10
Worksheet time: 2mins
Fixed Cost include. . .
Salaries
Supplies
Taxes
Rent
Water
Meeting customer's prices is one of the goals of pricing
Yes
No
The process of assigning a selling price to a good or service
Costing
Pricing
The process of analyzing all costs involved in creating products
Costing
Product Costing
Pricing
As a business makes more items, some costs may increase i.e additional materials or labor, the cost changes in relation to change in business activity, this is a form of....
Variable cost
Fixed Cost
Cost Behavior
The work required to convert raw materials into a finished product
(a)
Costs that remain constant even if activity or production level changes
(a)
Raw materials used to make a finished product
(a)
Goals of Pricing
meet customers' price
generate sales that produce specific profit
break even
obtain a given share of the market
Price can be expressed both in monetary and non-monetary terms
Yes
No
