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Life Cycle Costs (LCC) ACQ101
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In computing the cost of merchandise sold does freight increase or decrease the cost?
Freight costs are added to the cost of the merchandise. The total is typically referred to as the "landed" cost of the product.
Does MicroATX increases the total cost of a system by increases the number of expansion slots on the motherboard?
MicroATX increases the total cost of a system by increases the number of expansion slots on the motherboard.
What are the three important concepts of Logistics management?
The cost trade off The total cost concept The total system concept
When designing a costing system it is easiest to calculate total cost first and then per unit cost?
b
Is the sympathetic nervous system is often referred to as the resting and digesting system?
No, the parasympathetic nervous system is referred to as the "rest and digest" system
What is total cost?
Total variable costs are the sum of expenses which change proportionally as the price of services and goods fluctuate. The total marginal costs above produced units is also referred to as total variable costs.
The autonomic system is composed of the sympathetic and what system?
Parasympathetic system. (sympathetic is commonly referred to as the "fight or flight" system and the parasympathetic is referred to as the "rest and digest" system)
What is a laboratory management information system also referred to as?
A Laboratory Information Management System is often referred to as a LIMS. It is also sometimes referred to as Laboratory Information System (LIS) or Laboratory Management System (LMS).
Is total cost different from overhead cost?
Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost
What is marginal cost?
This costing system categorizes cost according to their cost behavior and divides them into variable and fixed cost, this system uses a cost for each unit of output based purely on the variable cost. All fixed cost is regarded as times based and are therefore linked to accounting periods rather than units of output. This costing system categorizes cost according to their cost behavior and divides them into variable and fixed cost, this system uses a cost for each unit of output based purely on the variable cost. All fixed cost is regarded as times based and are therefore linked to accounting periods rather than units of output.
What are the objective of a management control system?
profit centre is responsible for a) cost incurred b) total investment c) revenues earned and cost incurred
How much does Fable 2 cost in total?
for what system?? around 65 dollars $59.99 plus tax
