-Refer to the Figure

question 18

Multiple Choice

-Refer to the figure.Under traditional costing methods,which product would have more overhead costs allocated?

• A)Product A,because it has the highest total cycle time
• B)Product B,because it has the highest individual cycle time in Moulding
• C)Product A,because the first two cycles are bottlenecks
• D)Product B,because the last two cycles are bottlenecks

Realize the need for information dissemination meetings for significant changes.

Understand the psychological and social needs fulfilled by meetings.

Recognize the importance of circulating a specific agenda beforehand.

Know the role of minutes and proper documentation in disseminating meeting information.

---

Definitions:

Quantity Effect

The impact on total revenue when the quantity sold changes while holding price constant.

Total Revenue

The total amount of money generated from the sale of goods or services before any costs or expenses are deducted.

Price Elasticity

The extent to which the amount of a good that is sought after moves due to a difference in price.

Price Reduction

A decrease in the amount charged for a good or service, often used as a sales strategy to increase demand or respond to excess supply.