Below are some managerial accounting questions on short term decision making and pricing decisions. Answer the questions to test your knowledge or act as a refresher course. If you are not sure of the answer click to the see { article } for things that you have earlier missed.
| Questions:
1.0 In decision making, what are the criteria that makes a cost to be relevant? —>> see { article } 2.0 Explain with example the following: (a) sunk cost—->> see { article } (b) opportunity costs —->>> see { article } (c) avoidable costs —–>>> see { article } (d) incremental costs —–>>> see { article } 3.0 Distinguish a special order from regular order —–>>> see { article } 4.0 Define the term limiting factor and give 3 examples—->>> see { article } 5.0 Give two reasons for company to buy from outsiders and give two reasons for company to do its own manufacturing —–>>> see { article } 6.0 Give 4 areas where relevant costs concept are apply. ——>>> see { article } |