Marginal costing and absorption costing are different techniques for assessing profit in a period. If there are changes in inventory during a period, marginal costing and absorption costing give diffe

A.Fixedproductionoverheadefficiencyvariance

B.Fixedproductionoverheadcapacityvariance

C.Fixedproductionoverheadvolumevariance

D.Fixedproductionoverheadexpenditurevariance

(c) Explain the term ‘target costing’ and how it may be applied by GWCC. Briefly discuss any potential

limitations in its application. (8 marks)

71 The most expensive phase of life cycle costing is:

A. R & D.

B. Applied research.

C. Production

D. Operations and support.

E. Termination

ult in a greater amount of net income than would result from the use of the FIFO method.()

The most expensive phase of life cycle costing is:

A . R & D.

B . Applied research.

C . Production

D . Operations and support.

E . Termination.

oo much for the treatment he was giving her.

A) expending B) offering C) costing D) charging

156 Life cycle costing is the total cost to the customer for the acquisition and ownership over its full life. Life cycle costing categories include the cost of _____, _____, and _____.

A. R & D, maintainability, operation and support.

B. R & D, production, operation and support.

C. Acquisition, operations, maintenance.

D. Production, operations, maintenance.

E. None of the above

The following statements have been made in relation to activity-based costing:

(1) A cost driver is a factor which causes a change in the cost of an activity

(2) Traditional absorption costing tends to under-estimate overhead costs for high volume products

Which of the above statements is/are true？

A.1 only

B.2 only

C.Neither 1 nor 2

D.Both 1 and 2

189 The most expensive phase of life cycle costing is:

A. R & D.

B. Applied research.

C. Production

D. Operations and support.

E. Termination