Non-Value Added Activities; Total Quality Program, Variable Cost & Contribution Margin
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1. Non-value added activities are those that do not add to a product's desirability.
a. True
b. False
2. Target costing centers on new product and service development as opposed to managing the value chain for existing products.
a. True
b. False
3. In a total quality program, the costs of internal and external failures may be traded-off against the costs of prevention and appraisal.
a. True
b. False
4*. Variable costs which increase in total amount in direct proportion to increase in output represent a constant amount per unit of output.
a. True
b. False
5*. The contribution margin is the difference between total revenue and fixed costs.
a. True
b. False
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1. Non-value added activities are those that do not add to a product's
desirability.
a. True
2. Target costing centers on new product and service ...
Purchase this Solution
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