Smme measure of activity that causes costs to fluctuate.
What is a Cost Driver
100
The percent by which the selling price per unit exceeds the variable cost per unit.
What is Contribution Margin Ratio
100
He was the voice of Scar in Disney's "The Lion King"
Who is Jeremy Irons
100
A cost that, if eliminated, would reduce the actual or perceived value or utility that customers obtain from using a product or service.
What is a value-added cost?
200
Incremental cost plus opportunity cost of the supplying division.
What is a general guideline for determining a minimum transfer price?
200
Process of using ABC info to evaluate costs/benefits of production.
What is Activity Based Management
200
In CVP, solving for Q requires the following equation.
What is Q = F + Profit/(P-V)
200
In Greek mythology, this hero killed the gorgon Medusa.
Who is Perseus
200
The accumulation of all costs of a product from initial R&D to final customer service and to disposal for each year of its life.
What is life-cycle costing?
300
Allowing the selling dept to charge market price and the buying dept to pay variable cost
What is the Dual Rate Method
300
These increase the worth of an organizations goods or services to customers.
What is Value Add Activities
300
The proportion of different products or services sold by an organization.
What is the Sales Mix
300
This comic book super hero team consists of characters such as Colossus, Nightcrawler, Gambit, and Storm
What is the X-Men
300
Planning process for achieving continuous improvement in product costs
What is Kaizen costing
400
Process of assigning authority and responsibility to the manager of subunits/divisions.
What is a Responsibility Accounting
400
Group of individual costs accumulated in the accounting system for a particular purpose.
What is a Cost Pool
400
The level of operating activity at shich revenues cover all fixed and variable costs.
What is the Breakeven Point
400
This NFL team won the first ever super bowl in 1967
Who are the Green Bay Packers
400
Sequence of business processes in which the value is added to the product or service
What is the Value Chain
500
The three most common methods used in transfer pricing.
What is Cost, Market & Negotiation
500
Tasks or functions undertaken to support the production and distribution of a product or product line.
What is Product Sustaining Activities
500
The excess of an organizations expected future sales above the breakeven point
What is the Margin of Safety
500
Theodore Roosevelt formed and belonged to this political party.
What is the Bull Moose Party/Progressive Party
500
Price discrimination—charging different customers different prices for the same product; and peak load pricing—charging higher prices when demand approaches capacity.
What are two pricing practices in which non-cost factors are important in price-setting?