Mark,the Business Head of a Firm,wanted to Give New Year's

question 19

Multiple Choice

Mark,the business head of a firm,wanted to give New Year's gifts to his employees.He discussed this with his employees and decided to give leather computer bags.Mark stated that he did not want to give cheap bags,while a few employees said that they did not want exorbitantly priced designer name bags.Identify the step of added-value negotiation used in this situation.

• A) clarify interests
• B) identify options
• C) design alternative deal packages
• D) select a deal
• E) perfect the deal

Identify and calculate total period costs under both costing methods.

Calculate the unit product cost under both absorption and variable costing.

Determine the impact of production and sales levels on inventory valuation and income under both costing methods.

Analyze the effects of cost behavior patterns on budgeting and financial decision-making.

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Definitions:

Intangible Assets

Non-physical assets such as patents, copyrights, trademarks, software, and goodwill that have value to a business.

Goodwill

The excess value of the purchase price over the fair market value of the assets acquired and liabilities assumed in a business combination.

Recoverable Amount

The higher of an asset's fair value less costs to sell and its value in use. It's the estimated amount an entity can obtain from an asset's use or sale, covering its carrying amount.

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting accumulated depreciation and impairment charges.