Questions from Cost Accounting

Q: What are ways that a company can achieve cost leadership?

What are ways that a company can achieve cost leadership?

Q: Differentiate between a strategy map and a balanced scorecard.

Differentiate between a strategy map and a balanced scorecard.

Q: What are the key components of the financial perspective and customer perspective

What are the key components of the financial perspective and customer perspective of a balanced scorecard?

Q: Define price discrimination and give an example.

Define price discrimination and give an example.

Q: Describe peak-load pricing and give an example.

Describe peak-load pricing and give an example.

Q: What factors should be considered by managers when allocating resources among customers

What factors should be considered by managers when allocating resources among customers?

Q: The “fairness or equity” criterion is most applicable to the

The “fairness or equity” criterion is most applicable to the government rather than the private sector. Explain.

Q: What are some common clauses that are often included in contracts based

What are some common clauses that are often included in contracts based on cost accounting information?

Q: Distinguish between revenue allocation and bundled product or service.

Distinguish between revenue allocation and bundled product or service.

Q: What is conceptually the most defensible method for allocating multiple support-

What is conceptually the most defensible method for allocating multiple support-department costs? Why?